Needham & Company cut shares of Nokia (NYSE:NOK) from a buy rating to a hold rating in a research report sent to investors on Thursday morning, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on NOK. Analysts at Wells Fargo & Co. reiterated a market perform rating on shares of Nokia in a research note to investors on Thursday. They now have a $4.00 price target on the stock. Separately, analysts at Canaccord Genuity reiterated a sell rating on shares of Nokia in a research note to investors on Wednesday, July 10th. Finally, analysts at Swedbank downgraded shares of Nokia from a buy rating to a neutral rating in a research note to investors on Tuesday, July 9th. They now have a $3.86 price target on the stock.
Twelve investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $3.67.
Nokia (NYSE: NOK) opened at 4.02 on Thursday. Nokia has a 1-year low of $1.67 and a 1-year high of $4.90. The stock’s 50-day moving average is currently $3.. The company’s market cap is $14.923 billion.
Nokia Corporation (NYSE: NOK) has three operating segments: Devices & Services; NAVTEQ, and Nokia Siemens Networks.
