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Nokia Corporation (NOK) [hlAlert]

Rating:
Hold NOK
down 10.54 %

Nokia Corporation (NOK) downgraded to Hold by Jefferies & Co

Posted on: Tuesday,  Jul 21, 2009  8:25 AM ET by Jefferies & Co

Jefferies & Co rated Hold Nokia Corporation (NYSE: NOK) on 07/21/2009. Previously Jefferies & Co rated Buy Nokia Corporation (NYSE: NOK) on
04/21/2009., when the stock price was $14.51. Since then, Nokia Corporation has lost 10.54% as of 07/21/2009's recent price of $12.98.
If you would have followed the previous Jefferies & Co's recommendation on NOK, you would have lost 10.54% of your investment in 91 days.

Nokia is the world leader in mobile communications. Backed by its experience, innovation, user-friendliness and secure solutions, the company has become the leading supplier of mobile phones and a leading supplier of mobile, fixed and IP networks. By adding mobility to the Internet Nokia creates new opportunities for companies and further enriches the daily lives of people. Nokia is a broadly held company with listings on six major exchanges.

Our focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/21/2009 8:25 AM Hold
None
12.98
as of 12/31/2009
1 Week   
1 Month   
3 Months   
1 YTD down  -10.54 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/21/2009 8:25 AM Buy
None
14.51

(*) Stock Price at the time of the recommendation.
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