Nokia lifted to buy at Citi, which expects margins near top of forecast range

Nokia /zigman2/quotes/207421390/composite NOK +1.52% /zigman2/quotes/203672305/delayed FI:NOKIA +2.12% was upgraded to buy from neutral at Citi in a note that argues its improving fundamentals are being ignored by the market. Its price target was increased to €6.50 ($6.80) from €6. "The mobile infrastructure market is showing strong momentum, particularly so in Nokia's key U.S. market, and Nokia's decade-long share losses have ceased and are showing signs of improvement," said analyst Andrew Gardiner, who said he's confident it'll achieve 2022 margins near the top of its 11% to 13.5% range. Nokia's U.S.-listed shares have dropped 27% this year.

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Add to watchlist NOK

Nokia Corp. ADR

US : U.S.: NYSE

$ 4.02

+0.06 +1.52%

Volume: 15.74M

May 26, 2023 4:00p

P/E Ratio

5.13

Dividend Yield

1.67%

Market Cap

$22.82 billion

Rev. per Employee

N/A

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Add to watchlist FI:NOKIA

Nokia Corp.

FI : Finland: Helsinki

€ 3.81

+0.08 +2.12%

Volume: 11.49M

May 26, 2023 6:29p

P/E Ratio

4.99

Dividend Yield

3.15%

Market Cap

€21.31 billion

Rev. per Employee

N/A