Nokia Corporation (ADR) (NYSE:NOK) was such a huge name in the smartphone market for so long. At one time, if you were to ask me who the future leader in the smartphone market would be, my answer probably would had been Nokia. Boy have times changed!
It now appears, however, that Nokia may be about to make a comeback of sorts to a market which has recently been taken over by the likes of Apple and Samsung. Recent leaked photographs show the latest Nokia C1 smartphone, and based on these unique renderings, the phone will be capable of running Android and Windows 10 operating systems. The photos also depict four different color options for the exterior of hte phone, including: white, pink, grey, and gold.
The stock closed at $7.19 during the last session. It is down 6.01% since April 27, 2015 and is downtrending. It has underperformed by 5.12% the S&P500.
Out of 6 analysts covering Nokia (NYSE:NOK), 4 rate it “Buy”, 1 “Sell”, while 1 “Hold”. This means 67% are positive. Nokia was the topic in 6 analyst reports since August 26, 2015 according to StockzIntelligence Inc. TheStreet upgraded the stock on October 16 to “Buy” rating. Deutsche Bank upgraded the shares of NOK in a report on September 21 to “Buy” rating. Finally, Nordea upgraded the stock to “Sell” rating in a September 1 report.
Nokia Corporation invests in technologies. The company has a market cap of $28.92 billion. The Firm operates through three business divisions: Nokia Networks, HERE and Nokia Technologies. It has 25.3 P/E ratio. Nokia Networks offers network infrastructure software, hardware and services.