Nokia +3.3% on Jefferies upgrade


Citing improved IP monetization potential following the sale of its phone unit to Microsoft, Jefferies has upgraded Nokia (NOK +3.3%) to Buy, and upped its PT to €7.41 ($10.11). The firm upgraded Nokia in Hold to September, after the Microsoft deal was originally announced.

Jefferies' move comes after Nokia announced it will use some of its Microsoft proceeds to redeem €800M worth of debt issued by NSN last year, and that it plans to lower interest-bearing debt by €2B ($2.73B) by Q2 2016. Not surprisingly, the company has received a string of credit rating upgrades post-Microsoft.

JPMorgan and Berenberg are among the other firms to have talked up Nokia's ability to better monetize its IP in the absence of a phone unit needed cross-licenses. At the same time, EU and Chinese regulators have warned the company not to misuse its patent portfolio.

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Comments (25)
  • Beaupick
    , contributor
    Comments (19) | Send Message
     
    I'm not photo worthy!
    21 May 2014, 09:56 AM Reply Like
  • wiredless
    , contributor
    Comments (68) | Send Message
     
    €800M will be redeemed in less than four weeks, by June 19, 2014. Investment grade target is being aggressively pursued.

     

    http://nokia.ly/SdP5TQ
    21 May 2014, 10:12 AM Reply Like
  • DWD Investing
    , contributor
    Comments (13209) | Send Message
     
    Wire good find. Post it in Stock Talk.
    21 May 2014, 12:16 PM Reply Like
  • Timothy Bryan
    , contributor
    Comments (984) | Send Message
     
    Hopefully this price action continues...
    21 May 2014, 10:22 AM Reply Like
  • DWD Investing
    , contributor
    Comments (13209) | Send Message
     
    DIablo,

     

    LOL. You make me laugh. Why would it. Will be down again tomorrow. Nokia is sell the news buy the luck equity currently. I was going to say, sell and buy the news, but recently, all news causes it to go down. lol
    21 May 2014, 12:18 PM Reply Like
  • La Rue
    , contributor
    Comments (900) | Send Message
     
    No reason for it not too.
    21 May 2014, 10:27 AM Reply Like
  • DWD Investing
    , contributor
    Comments (13209) | Send Message
     
    La

     

    No reason for it not to go down again, either--what changed except for a silly analyst rating?
    21 May 2014, 12:18 PM Reply Like
  • dweebster
    , contributor
    Comments (526) | Send Message
     
    With respect, much respect, is it more about credit rating than anlalyst opinion today. possibly? cheers
    21 May 2014, 04:46 PM Reply Like
  • DWD Investing
    , contributor
    Comments (13209) | Send Message
     
    dw

     

    Yeah that is true. Thanks.
    21 May 2014, 06:41 PM Reply Like
  • gwynfryn
    , contributor
    Comments (6480) | Send Message
     
    Doesn't setting credit ratings involve analysis, then?
    22 May 2014, 11:27 AM Reply Like
  • Mking30
    , contributor
    Comments (142) | Send Message
     
    weee... Lets jump on the N-Train now..... this is setting up to be a good quarter.. A 3% move calms the bears for a day... Chug a chug chug.. The bottom was felt I feel and i feel 8dollars is coming before fireworks extravaganza
    21 May 2014, 11:28 AM Reply Like
  • Mking30
    , contributor
    Comments (142) | Send Message
     
    but we want more...........
    21 May 2014, 11:29 AM Reply Like
  • DWD Investing
    , contributor
    Comments (13209) | Send Message
     
    I predict the price falls tomorrow, right back into it's new range between 7-7.40ish.

     

    In fact it just crossed back over its 13, 48 MAs and heading again toward crossing its 200MA, again. That,and volume already dropped off.
    21 May 2014, 12:20 PM Reply Like
  • Joeriii
    , contributor
    Comments (229) | Send Message
     
    @dw
    looks like we have a pro here.... #JustKidding
    21 May 2014, 03:35 PM Reply Like
  • DWD Investing
    , contributor
    Comments (13209) | Send Message
     
    Called the breakout above 7.60. lol

     

    Volume has dropped off though, and volume precedes price.
    21 May 2014, 03:42 PM Reply Like
  • Joeriii
    , contributor
    Comments (229) | Send Message
     
    nice prediction.. You're a good trading tool.. Whenever you say its gonna go down, we buy..
    22 May 2014, 05:45 AM Reply Like
  • DWD Investing
    , contributor
    Comments (13209) | Send Message
     
    If you look at stock talks, I did call the breakout above 7.60. I also said is there is another credited upgrade it would push price up again today. Sounds obvious, but you have to remember that all other credit rating upgrades until yesterday didn't do anything for the stock. So, really, don't care what you do. I'm up YoY 2013-14-- 98%.
    22 May 2014, 10:14 AM Reply Like
  • Joeriii
    , contributor
    Comments (229) | Send Message
     
    i'm up more ( had options when they were 3$ ish =)

     

    QUOTE

     

    I predict the price falls tomorrow, right back into it's new range between 7-7.40ish.

     

    UNQUOTE
    22 May 2014, 10:22 AM Reply Like
  • DWD Investing
    , contributor
    Comments (13209) | Send Message
     
    Funny, you pick and choose. Why not add up all my comments for the day? What was the time on that quote? Where are my other ones predicting the break out above resistance? The least you can do is take my predictions in context of the entire day, and quote the ones that were on target too.

     

    QUOTE
    Still, the price has held so far after hours, and the volume is over 32M for the day. Very nice. We may finally be seeing some momentum.
    UNQUOTE

     

    nee-neer-nee-neer
    22 May 2014, 10:34 AM Reply Like
  • Joeriii
    , contributor
    Comments (229) | Send Message
     
    so whats your prediction for tomorrow? lmao
    22 May 2014, 12:37 PM Reply Like
  • DWD Investing
    , contributor
    Comments (13209) | Send Message
     
    Joe

     

    I'm mainly just playing with the predictions because Nokia is in a uptrend long term anyway. With that said, if credit rating upgrades continue to come along big money will continue to accumulate, driving price up I would think. At least that's the only catalyst I can see unless some big IP patent litigation win comes out, or something else big, like a merger or JV. You can see it is slowing down now, only up 3 cents above opening price.

     

    But, I did the calculations on technicals and sold at 7.73+. If you look over a one month period, you can see that's a pretty sell price?
    22 May 2014, 12:56 PM Reply Like
  • Mking30
    , contributor
    Comments (142) | Send Message
     
    cant call it both ways DW.... "If u look at stocktalk, I did call the breakout above 7.60". I know this is repetitive and just a nag, but you said it will go down 2maro...So ha... U were wrong... U can tell im bored...
    23 May 2014, 03:01 PM Reply Like
  • DWD Investing
    , contributor
    Comments (13209) | Send Message
     
    I said it would reverse and after that, called the short break above 7.60. Again, the reverse, go down thing is mostly jesting, as we all know. Long is a good play--I've said that all along and kept my skin in the game to prove it. I also sold some at I think 7.73 on the second day it went up, and it closed that day I think a few cents over that--so there you go. The last time I sold was also in the 7.70s. If you go back over the last 3 months, you will see those were two very good sells given over all price.
    25 May 2014, 02:15 PM Reply Like
  • joshvegas
    , contributor
    Comments (524) | Send Message
     
    Plus 5% - is it just Jefferies or could it be something more significant?
    21 May 2014, 03:41 PM Reply Like
  • DWD Investing
    , contributor
    Comments (13209) | Send Message
     
    It might be the accumulation of all the credit ratings being upgraded. The only thing that bothers me is that later in the day, volume really dropped off.

     

    Still, the price has held so far after hours, and the volume is over 32M for the day. Very nice. We may finally be seeing some momentum. Hiiii Deeee Hoooo!
    21 May 2014, 06:43 PM Reply Like
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