Stock Market Today, April 13: Nokia Surges After Bank of America Upgrade Highlights Optical and AI Networking Demand [Yahoo! Finance]
Ericsson - American Depositary Shares each representing 1 underlying Class B share (ERIC)
Last ericsson - american depositary shares each representing 1 underlying class b share earnings: 4/22 01:48 am
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Source: Yahoo! Finance
America upgrade to “buy.” Investors will be watching for upcoming first-quarter earnings and AI-driven networking demand. Trading volume reached 147.9 million shares, about 178% above its three-month average of 53.2 million shares. Nokia IPO'd in 1994 and has grown 686% since going public. How the markets moved today The S&P 500 rose 1.01% to close at 6,886, while the Nasdaq Composite gained 1.23% to finish at 23,184. Within telecommunications equipment, industry peers Telefonaktiebolaget LM Ericsson closed at $12.03, up 1.26%, and Cisco Systems ended at $82.35, rising 0.16% as investors assessed networking demand. What this means for investors A Bank of America analyst upgraded Nokia's rating from “hold” to “buy” today and set a price target of $12.40. This target implies nearly 20% upside in the stock -- even after today's news sent shares up 10%. The analyst noted that after acquiring Infinera, Nokia and its optical systems operations are poised to thrive thanks to hypersca
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