(CercleFinance.com) – Nokia shares are heading for a gain of more than 6% this week, driven in particular by a note from Liberum which considers the stock to be one of the best markets in Europe.
Shortly before 5:00 p.m., the title of the telecom equipment manufacturer advanced by 0.6%, which brings its progression to nearly 6.5% over the whole week.
In a strategy note published on Wednesday, Joachim Klement, the British investment bank’s star analyst, includes Nokia in his list of 110 unappreciated European stocks, alongside Stmicroelectronics and thyssenkrupp in particular.
While US stocks in the sector are trading around a PER of 18.6x and their European counterparts around 11.2x, Nokia is only paying 8.7 times its profits, i.e. a discount of more than 53%
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