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TRADEMARK VIOLATION NOTICE: “Nokia Corporation (NOK) Downgraded to “Hold” at Canaccord Genuity” was reported by Sports Perspectives and is the propert of of Sports Perspectives.
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Canaccord Genuity downgraded shares of Nokia Corporation (NYSE:NOK) from a buy rating to a hold rating in a research report sent to investors on Friday morning.
Canaccord Genuity currently has $5.00 price target on the technology company’s stock, down from their prior price target of $5.50.
Bank of America Corporation cut Nokia Corporation from a buy rating to a neutral rating in a research note on Wednesday, November 30th.
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Squeeze More Income From Nokia Corp (ADR) (NOK) Stock
NOK Stock Weekly ChartClick to Enlarge I’ve already made mention of the wounds bulls in NOK stock have endured since the dot-com bust.
NOK stock is off 92% from its all-time-high of $62.50 set back in 2000.
Yet with fireworks expectations still not sky high for 2017, NOK stock investors should look to the options market for additional income sizzle.
And lastly, while the NOK stock price chart is unlikely to go anywhere so fast as to recapture the imagination of growth stock traders — it does look supportive for value-oriented investors.
More recently, NOK stock has fell nearly 89% from its decade high set in 2007 of $42.22 to its current $4.75 price tag.
collected by :Roy Mark