Nokia Oyj : A new test of the support level
Entry price | Target | Stop-loss | Potential |
---|
€5.2 |
€5.9 |
€4.92 |
+13.42% |
---|
Nokia Oyj shares have been fluctuating horizontalally for several weeks. As the share price approaches the lower bounds, a buying opportunity could arise.
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.
● For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
● Analysts remain confident with respect to the group's activity and, more often than not, have revised upwards their earnings per share estimates.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● Over the past twelve months, analysts' opinions have been strongly revised upwards.
Weaknesses
● According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
● The company is not the most generous with respect to shareholders' compensation.
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