The Zacks Analyst Blog Highlights: Nokia, Telecom Italia, Microsoft, Verizon Communications and Apple

Zacks

 

For Immediate Release

Chicago, IL – September 11, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Nokia Corporation (NOK), Telecom Italia S.P.A (TI), Microsoft Corporation (MSFT), Verizon Communications Inc. (VZ) and Apple Inc. (AAPL).

 

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513

Here are highlights from Monday’s Analyst Blog:

 

Nokia Lumia to Hit European Markets

 

Ailing Finish handset manufacturer Nokia Corporation (NOK) has announced its intention to launch the new Lumia range of smartphones with some of the leading European carriers.

Nokia is planning to launch Lumia 920 with France’s second largest mobile operator Vivendi SA as early as November, while Telecom Italia S.P.A (TI) the largest telecommunication company in Italy has announced to launch the phone in Italy.  However, both the companies haven’t specified any launch date.  

Operators in some of the smaller European Nations like Belgium have confirmed that they don’t expect Nokia Lumia to hit the market before January 2013, while Czech Republic’s second largest carrier T-Mobile Czech Republic is opting to play a waiting game till the windows-based device becomes a hit among customers. 

On September 5, 2012, Nokia unwrapped its latest Lumia offering, which runs on Microsoft Corporation’s (MSFT) Windows Phone 8 software. The company’s flagship Lumia 920 and the mid tier Lumia 820 with several new additional features is believed to be the last gamble from Nokia to get back the customer confidence in Windows-based smartphones.   

Recently, the company teamed up with the largest U.S. telecom carrier Verizon Communications Inc. (VZ) – to sell new Windows Phone 8-based smartphones during the fourth quarter of 2012. At present Nokia has three of the top 4 U.S. carriers under its stable, offering Lumia handsets.

We believe this is a pure strategic move by the company to reduce its dependence on the lucrative U.S. market, which is the largest yet the most competitive smartphone market in the world. Additionally, an early launch gives them the leverage to capture the market in Europe as it fights competition with arch rival Apple Inc. (AAPL) iphone5 and Samsung Electronic Co.’s Windows-based smartphones.

The current Zacks Consensus Estimate for Nokia Corporation is pegged at a loss of 12 cents for the third quarter of 2012 with a growth rate estimate of (398.6%). For 2012, the Zacks Consensus Estimate stands at a loss of 38 cents with a growth rate of (201.0%) while for 2013, the Zacks Consensus Estimate stands at a loss of 2 cents with a growth rate of 95.5%.

Recommendation:

We retain our long-term Neutral recommendation on Nokia Corp. Currently, it has a Zacks #3 Rank, implying a short-term Hold rating.

 

Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today: http://at.zacks.com/?id=5517

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=5518.

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

http://www.zacks.com

 

Read the analyst report on NOK

Read the analyst report on TI

Read the analyst report on MSFT

Read the analyst report on VZ

Read the analyst report on AAPL

Zacks Investment Research



More From Zacks.com
View Comments