(News Bulletin 247) – The analyst remains long on the stock with a target of 6 E following the publication of quarterly results.
Jefferies believes there are a lot of variables, but the underlying trends are positive.
‘Nokia’s outlook has a lot of changing elements, which makes it difficult to see clearly how margins will evolve. The group’s margin target set by management (between 11.5% and 14%) assumes the signing of agreements on intellectual property rights with Vivo and Oppo, which we have not foreseen ‘says the office of analyses.
“However, operationally, the network infrastructure is strengthening with optical and IP networks, while mobile networks are showing increased sales, which should lead to an increase in operating margin,” adds Jefferies.
Copyright (c) 2023 News Bulletin 247. All rights reserved.
I have over 8 years of experience working in the news industry. I have worked as a reporter, editor, and now managing editor at 247 News Agency. I am responsible for the day-to-day operations of the news website and overseeing all of the content that is published. I also write a column for the website, covering mostly market news.
