#1 - Nokia (NYSE:NOK)
Nokia (NYSE: NOK) - If the last time you’ve thought about the name Nokia was with the flip phone you got rid of fifteen years ago, you’re not alone. However, after going through an identity crisis, the Finnish telecom company looks like it’s on the way back. It won’t be returning to the smartphone market, but it is an active player in the 5G space. The company recently announced major 5G deals with China Mobile and Tencent Holdings which should start to impact growth in 2019. Plus, it still has licensing deals in place for some Nokia-branded devices that are still on the market. There’s also a lot to like about Nokia’s fundamentals. Their overall operating margin rose from 6.3% to 8%. As of February 25, 2019, their stock YTD is up approximately 6.0% and it is showing 12-month growth of just over 5.0%. The stock also is currently offering a sweet dividend of 3.62%. With a beta value of 1.04, the stock should be trading in close correlation to the market. While this meant that it was not immune to the correction that affected most stocks in October, it should also take part in the market recovery. As of this writing, Nokia’s stock was trading at $6.16 per share.
About Nokia Oyj
Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.
Read More - Current Price
- $3.71
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 4 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $4.42 (19.0% Upside)
