In a report issued on October 14, Sebastien Sztabowicz from Kepler Capital maintained a Buy rating on Nokia (NOK – Research Report), with a price target of EUR4.50. The company’s shares closed last Friday at $4.03.
According to TipRanks.com, Sztabowicz is a 1-star analyst with an average return of -2.2% and a 46.1% success rate. Sztabowicz covers the Technology sector, focusing on stocks such as Infineon Technologies AG, Dialog Semiconductor, and ASM International.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nokia with a $5.17 average price target, implying a 28.0% upside from current levels. In a report issued on October 12, SEB Enskilda also upgraded the stock to Buy with a EUR4.00 price target.
Based on Nokia’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.09 billion and net profit of $94 million. In comparison, last year the company earned revenue of $5.69 billion and had a GAAP net loss of $193 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Nokia Oyj provides network infrastructure, technology and software services. It operates through the following segments: Ultra Broadband Networks, Global Services, IP Networks and Applications and Nokia Technologies. The Ultra Broadband Networks segment comprises mobile networks and fixed networks. The Global Services segment provides professional services with multi-vendor capabilities, covering network planning and optimization, systems integration. The IP Networks and Applications segment comprising IP/Optical networks and applications & analytics. The Nokia Technologies segment focuses on advanced technology development and licensing. The company was founded in 1865 and is headquartered in Espoo, Finland.