Nokia Corp (ADR) NOK shares are trading down around 18 percent over the past six months, and the Vetr community has downgraded the tech company from 3.5 to 2.5 stars. Nokia’s downtrend began in early-February, immediately after Bank of America downgraded the company, and the shares opened around $5.70 on Thursday.
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Vetr members have given Nokia a “SELL” rating and a $5.65 price target. This price target is slightly lower than the $6.96 price target from professional analysts.
Of all Vetr raters, 42.9 percent believe Nokia shareholders should sell the stock.
For Vetr’s full analysis of Nokia go here.
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