Nokia: Liberum still says 'hold'
(CercleFinance.com) - Liberum maintains its "hold" rating on the Nokia share, along with its target price of 3.
6 euros, with management having designated mobile access and cash generation as its two priority areas.
" In Mobile Access we believe Nokia faces a tough road given competition from Ericsson and Huawei, uncertainty in India, its reduced involvement in China and some share losses in other markets," the broker says.
"While the shift to ReefShark-based product is expected to help raise margins, the transition will take over 3 years," it continues, while noting that "Nokia Software is now a major and growing contributor to earnings".
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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.
6 euros, with management having designated mobile access and cash generation as its two priority areas.
" In Mobile Access we believe Nokia faces a tough road given competition from Ericsson and Huawei, uncertainty in India, its reduced involvement in China and some share losses in other markets," the broker says.
"While the shift to ReefShark-based product is expected to help raise margins, the transition will take over 3 years," it continues, while noting that "Nokia Software is now a major and growing contributor to earnings".
Copyright (c) 2020 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.