1Canaccord Genuity Boosts Price Target on Nokia Co. (NYSE: NOK) to $14.00
January 18th, 2011 • View Comments • Filed Under • by ABMN
Filed Under: Analysts Price Targets • Market News
Equities research analysts at Canaccord Genuity boosted their price target
on shares of Nokia Co. (NYSE: NOK) from $13.00 to $14.00 in a research note
to clients and investors on Friday.
Separately, analysts at Hudson Securities initiated coverage on shares of
Nokia Co. in a research note to investors on Thursday, December 16th. They
set a “buy” rating and a $12.00 price target on the stock.
Nokia Corporation (Nokia) is engaged in the manufacturing of mobile devices
and in converging Internet and communications industries. It has three
segments: Devices & Services, NAVTEQ, and Nokia Siemens Networks. Devices &
Services is responsible for developing and managing its portfolio of mobile
devices, as well as designing and developing services, including
applications and content. NAVTEQ is a provider of digital map information
and related location-based content and services for automotive navigation
systems and Internet-based mapping applications. Nokia Siemens Networks
provides mobile and fixed network infrastructure, communications and
networks service platforms, as well as professional services, to operators
and service providers. In October 2009, Nokia sold its Symbian Professional
Services. In December 2009, Giesecke & Devrient acquired Venyon Oy. In April
2010, it acquired Novarra, Inc. and MetaCarta Inc.In September 2010, it
acquired Motally, Inc.
Shares of Nokia Co. (NYSE: NOK) opened at 10.99 on Tuesday. Nokia Co. has a
52 week low of $8.00 and a 52 week high of $15.89. The stock’s 50-day
moving average is $10.15 and its 200-day moving average is $9.81. On average
, analysts predict that Nokia Co. will post $0.17 EPS next quarter. The
company has a market cap of $40.761 billion and a price-to-earnings ratio of
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