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Nokia Oyj (ADR) (NYSE:NOK) scored important 5G contract with China Mobile

By on June 27, 2019 0

Nokia Oyj (ADR) (NYSE:NOK)has scored an important 5G contract with China Mobile. That’s ‘the’ China Mobile, the world’s largest mobile operator by both capitalisation and by subscribers (over 900 million as of this time last year).  Nokia says China Mobile will be the first operator to deploy its new Massive MIMO solution which, it claims, will smooth its transition to 5G. The AirScale mMIMOAdaptive Antenna (MAA) is a custom job, specifically built to meet China Mobile’s bandwidth and coverage requirements. Nokia claims it’s the world’s first 320 W mMIMO Adaptive Antenna. This means the operator can allocate network resources from 4G to 5G as the user transition between the two gathers pace.



Nokia Oyj (ADR) (NYSE:NOK) shares advanced 0.60% to finally closed at $5.02 in last active session. 

NOK’s distance from 20 day simple moving average is -0.59% and distance from 50-Day simple moving average is -2.68%.

Analyst’s mean target price for NOK is $6.54 while analysts mean recommendation is 2.40. Stock value has moved between $4.69 – 6.69 in last one year. Stock has got OUTPERFORM rating from 4 of Thomson Reuters analysts, 4 given HOLD rating to the stock and 1 given UNDERPERFORM rating. Analyst’s mean target price for NOK is $6.54 while analysts mean recommendation is 2.40. 

Nokia Oyj (ADR) (NYSE:NOK) yearly performance is -13.89% and net profit margin is -2.60%. Annual EPS Growth of past 5 years is -28.20%. The current share price indicates that stock is -24.51% away from its one year high and is moving 6.58% ahead of its 52-week low. 



On 26 June 2018, Carnival Corporation (NYSE:CCL) shares slumped -0.15% and ultimately finalized to $45.38 in last traded day. Stock has got OUTPERFORM rating from 4 of Thomson Reuters analysts, 10 given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for CCL is $62.78 while analysts mean recommendation is 2.00. 



At the movement Extended Stay America Inc (NASDAQ:STAY) is under coverage by number of analysts. Buy rating has been given by 4 analysts to the company stock whereas 0 given UNDERPERFORM rating to stock and 2 given HOLD rating. The consensus recommendation by Thomson Reuters analysts is outperform and their mean rating for the stock is 1.82 on scale of 1-5. Analysts mean target price for Extended Stay America Inc (NASDAQ:STAY) is $21.36 while their mean recommendation is 1.90 (1=Buy, 5=sell). 

If we look at stock performance in last active day trading, we see that stock has moved slumped -1.27% to end the day at $16.33. The current share price indicate that stock is -27.00% away from its one year high and is moving 10.56% ahead of its 52-week low. 

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