Nomura Securities Maintains a 'Neutral' on Nokia (NOK); Cutting PT and Estimates
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Price: $3.65 +1.39%
Rating Summary:
10 Buy, 14 Hold, 15 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
10 Buy, 14 Hold, 15 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade NOK Now!
Nomura Securities maintains a 'Neutral' on Nokia (NYSE: NOK) price target of EUR2.00 (from EUR3.20)
Analyst, Stuart Jeffrey, said, "New strategy and WP8 push out Nokia’s turnaround. We had thought that the launch of a new all touch feature phone platform and Windows Phone 8 (WP8) would drive a turnaround in Nokia’s financials in H2 2012. This now seems less likely in our view as Nokia’s feature phone strategy shows more limited ambition and WP8 questions Nokia’s market share potential. We see no liquidity concerns ahead for Nokia in 2013 or 2014 – supported by the potential to sell assets such as Navteq. However, we also see no floor valuation based on patent value and cash. F12E/F13E EPS from $0.17/$0.39 to $0.05/$0.21."
For an analyst ratings summary and ratings history on Nokia click here. For more ratings news on Nokia click here.
Shares of Nokia closed at $2.38 yesterday, with a 52 week range of $2.30-$7.38.
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Analyst, Stuart Jeffrey, said, "New strategy and WP8 push out Nokia’s turnaround. We had thought that the launch of a new all touch feature phone platform and Windows Phone 8 (WP8) would drive a turnaround in Nokia’s financials in H2 2012. This now seems less likely in our view as Nokia’s feature phone strategy shows more limited ambition and WP8 questions Nokia’s market share potential. We see no liquidity concerns ahead for Nokia in 2013 or 2014 – supported by the potential to sell assets such as Navteq. However, we also see no floor valuation based on patent value and cash. F12E/F13E EPS from $0.17/$0.39 to $0.05/$0.21."
For an analyst ratings summary and ratings history on Nokia click here. For more ratings news on Nokia click here.
Shares of Nokia closed at $2.38 yesterday, with a 52 week range of $2.30-$7.38.
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