Nokia : Nokia remains optimistic for the long term, but 2024 is set to be another challenging year after the loss of AT&T
>Neutral rating maintained, target price lowered to € 3 vs € 3.3 - Following an analysts’ meeting organised by Nokia in Finland yesterday, we have lowered our EPS estimates by an average of 5% for 2024-2025, lowered our target price to € 3 vs € 3.3 and maintain our Neutral rating. Management highlighted that the main reason for the loss of the AT&T contract is not performance-related, but relates to cost and that the group has not lost its client definitively. It con...Nokia is an Internet and communications technology company based in Finland. Co.'s operations are focused on three businesses: network infrastructure software, hardware and services, which Co. offers through Networks; location intelligence, which Co. provides through HERE; and advanced technology development and licensing, which Co. pursues through Technologies. Co. maintains a global presence with operations and Researh & Development facilities located in Europe, North America and Asia, and sales in approximately 130 countries. Co. has an installed base of around 600 customers worldwide and these operators serve over 4 billion subscribers.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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