Stock of the week: “Nokia Oyj”
Nokia Oyj is our “stock of the week”. Nokia used to design and manufacture mobile phones. The company, however, has adapted its business model to now be at the forefront of mobile networks, network infrastructure, and cloud technologies. This week Nokia announced plans to build an R&D plant in Canada, a deal with India’s Reliance Jio to provide equipment, and its cutting-edge fiber broadband platform MF-14. Overall, a good week for the company.
Financial social media sentiment is “very positive” in both absolute and relative terms – on its own and when compared to the sentiment of the sector and the sentiment of the stock index.
Analysts' consensus rating is "buy" - out of the 29 bank analysts covering the company, 24 recommend buying the stock, and 5 suggest holding. The upside potential of the stock price expected by the analysts on average over the next 6-12 months is currently 35.15% (reference close of business 18/10/2022).
Attention buzz is currently “Extreme”.
