Nokia: Liberum remains a buyer.
(CercleFinance.com) - Liberum maintains its "buy" rating on Nokia, with a target price of six euros, expecting the network gear maker's positive trends from first-quarter to continue.
Despite weakness at Swedish rival Ericsson, the British investment bank expects Nokia's second-quarter results, which are due to be published on 27 July, to show further evidence of sales stabilisation in mobile networks, helped by improvement in some markets and potential share gains.
"With the completion of the Apple and Xiaomi agreements Nokia is also expected to provide increased guidance for Nokia Technologies, leading to an upgrade to estimates," Liberum added.
The firm says it also expects positive comments on increased customer traction in IP networks.
In a nutshell, Liberum remains a buyer, given that it is expecting steady improvements in sales and profitability.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Despite weakness at Swedish rival Ericsson, the British investment bank expects Nokia's second-quarter results, which are due to be published on 27 July, to show further evidence of sales stabilisation in mobile networks, helped by improvement in some markets and potential share gains.
"With the completion of the Apple and Xiaomi agreements Nokia is also expected to provide increased guidance for Nokia Technologies, leading to an upgrade to estimates," Liberum added.
The firm says it also expects positive comments on increased customer traction in IP networks.
In a nutshell, Liberum remains a buyer, given that it is expecting steady improvements in sales and profitability.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.