Nokia Oyj : Underpinned by a support level
Entry price | Target | Stop-loss | Potential |
---|
€4.3 |
€4.8 |
€4.1 |
+11.63% |
---|
Pursuant to the correction that has taken place in recent weeks with respect to the shares in Nokia Oyj, further downside risk now appears limited by close and important technical support levels at 4.31 EUR.
Summary● The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
● The company presents an interesting fundamental situation from a short-term investment perspective.
● The company has a poor ESG score according to Refinitiv, which ranks companies by sector.
Strengths● The company is in a robust financial situation considering its net cash and margin position.
● The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
● Over the last twelve months, the sales forecast has been frequently revised upwards.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
● Over the past twelve months, analysts' opinions have been strongly revised upwards.
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