Commenting on a potential investor reaction to Nokia’s print, UBS analysts said although the performance excluding the Technologies segment remains sluggish, “improving trend and reiterated guidance might somewhat bring some relief today,” they wrote.
In contrast, analysts at Jefferies believe the market “is likely to be more focused on the uncertain outlook in Mobile Networks” rather than encouraging signs in the company’s Technologies and Network Infrastructure units.
The US bank JPMorgan has left Nokia’s rating at “neutral” according to quarterly figures with a price target of 4 euros. The telecommunications industry supplier’s sales missed its forecast and the consensus estimate, wrote analyst Sandeep Deshpande in an initial reaction on Thursday. The key results, however, were better than expected.
The analysis house Jefferies has left the rating for Nokia at “Hold” according to figures for the first quarter with a price target of 3.50 euros. The network equipment manufacturer’s sales missed its estimate, wrote analyst Janardan Menon in an initial comment on Thursday. The reason for this is weak revenues in the mobile communications equipment division, particularly in North America and India. However, the gross margin significantly exceeded its forecast and market expectations.
The major Swiss bank UBS has left the rating for Nokia at “neutral” according to numbers with a price target of 3.60 euros. The first quarter was slightly above expectations, wrote analyst Francois-Xavier Bouvignies in a study available on Thursday. However, the outlook has remained unchanged, and so the analyst consensus is likely to change only slightly.
