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No ‘Sell’ Recommendations for Nokia Stock

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Jul. 19 2018, Updated 10:32 a.m. ET

Nokia stock returns

Nokia (NOK) stock has returned -8% in the last 12 months, -5% in the last month, and -2.4% in the last five days. It fell 28% in 2016 and then declined marginally by 0.25% in 2017. Since the start of 2018, it has risen ~30%. Its peers Juniper Networks (JNPR), Ericsson (ERIC), and Cisco Systems (CSCO) have returned -0.7%, 17%, and 13%, respectively, since the start of 2018.

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Analysts’ recommendations and price targets

Of the 13 analysts tracking Nokia, four have recommended a “buy” for the stock, and nine have recommended a “hold.” None of them have recommended a “sell.” Analysts’ 12-month average price target for Nokia is $6.68, and their median estimate is $6.20. Nokia is trading at a discount of ~7% to analysts’ median estimate.

On January 18, Goldman Sachs (GS) downgraded Nokia stock from a “buy” to a “neutral.” In February, MKM Partners upgraded it from a “neutral” to a “buy,” and Bank of America upgraded it from a “neutral” to a “buy.”

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Moving averages

On July 17, Nokia closed the trading day at $5.81. Based on that price, the stock is trading as follows:

  • 0.8% below its 100-day moving average of $5.86
  • 2.9% below its 50-day moving average of $5.98
  • 0.3% below its 20-day moving average of $5.83

MACD and RSI

Nokia’s 14-day MACD (moving average convergence divergence) is -0.04. A stock’s MACD marks the difference between its short-term and long-term moving averages. Its negative MACD score indicates a downward trading trend.

Nokia has a 14-day RSI (relative strength index) score of 49, which shows that the stock is trading closer to oversold territory. An RSI score above 70 indicates that a stock has been overbought, while an RSI score below 30 indicates that a stock has been oversold.

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