Wells Fargo Resumes Coverage on Nokia Corp (NOK) with a Market Perform; The Ship May Turn--But At A VERY Slow Pace
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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!
Wells Fargo resumes coverage on Nokia Corporation (NYSE: NOK) with a Market Perform rating. Valuation Range: $10.75 to $11.50.
Wells analyst says, "Although NOK’s story has a definite value bent, we believe the company still has much to prove and defend. The rollout of the new Symbian handsets seems to be a positive step in the right direction. However, given the intense competition from the iOS and the Android platforms, we question if this is enough to allow NOK to defend its dominant smartphone global share. Our 2010E revenue and EPS are $55.6B and $0.78 and our 2011E revenue and EPS are $60.5B and $0.89."
To see all the upgrades/downgrades on shares of NOK, visit our Analyst Ratings page.
Shares finished trading at $10.58 yesterday.
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Wells analyst says, "Although NOK’s story has a definite value bent, we believe the company still has much to prove and defend. The rollout of the new Symbian handsets seems to be a positive step in the right direction. However, given the intense competition from the iOS and the Android platforms, we question if this is enough to allow NOK to defend its dominant smartphone global share. Our 2010E revenue and EPS are $55.6B and $0.78 and our 2011E revenue and EPS are $60.5B and $0.89."
To see all the upgrades/downgrades on shares of NOK, visit our Analyst Ratings page.
Shares finished trading at $10.58 yesterday.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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