UBS Group set a €5.50 ($6.40) target price on Nokia Oyj (HEL:NOKIA) in a research report sent to investors on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on NOKIA. Barclays upgraded WPP from an equal weight rating to an overweight rating in a research report on Monday, April 29th. Credit Suisse Group reduced their price target on from GBX 145 ($1.89) to GBX 105 ($1.37) and set a neutral rating for the company in a research report on Friday, June 21st. Deutsche Bank set a €46.00 ($53.49) target price on Draegerwerk AG & Co KGaA and gave the stock a neutral rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. restated a buy rating on shares of Intel in a research report on Tuesday, June 11th. Finally, Goldman Sachs Group cut EVRAZ from a neutral rating to a sell rating in a research report on Wednesday, May 1st. Two equities research analysts have rated the stock with a sell rating and nine have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of €5.56 ($6.47).

Nokia Oyj has a one year low of €3.81 ($4.43) and a one year high of €5.95 ($6.92).

Nokia Oyj Company Profile

Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company’s businesses include Nokia Networks and Nokia Technologies. The Company’s segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies.

See Also: Why are trading ranges significant?

Analyst Recommendations for Nokia Oyj (HEL:NOKIA)

Receive News & Ratings for Nokia Oyj Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia Oyj and related companies with's FREE daily email newsletter.