Solid performance at once powerful and Nokia to launch the new Windows smartphone this month could still be the people to strengthen in the near future, and Nomura analyst upgraded Nokia shares to "Neutral" from "reduce".
"More and more it seems that the depth was greater than expected Q2/Q3-Marge the correction of excessive inventories," analysts wrote in a note to clients.
"Our checks show that this adjustment is complete, and can therefore allow the administration lead to positive for the fourth quarter," said Nomura's analysts, including Stuart Jeffrey - the five stars out analyst rated by StarMine data for the accuracy of earnings estimates companies under its coverage.
Nomura analysts now expect the company to break even in the third quarter, compared with their previous view of the loss of 2 cents per share.
After SmartEstimate StarMine, the more emphasis on the latest top-rated analysts' forecasts, Nokia anticipates that, depending on the loss of 2 cents a share.
The world's largest mobile phone manufacturer volume fall by the wayside, Apple Inc. and Google Inc. announced a new strategy in the early ditch their native Symbian software agreement with Microsoft Corp.
Nomura analysts believe, however, that there is a high risk that the decline is not due to the growth of the Symbian smartphone with Windows, which is expected to try, in the high-end segment due to weak brand and "rooted" position of Apple and Google Android can claim to be compensated.
Nokia shares fell more than 40 percent since the beginning of troubles to come, the market shares, before coming out the new Nokia phones, you could never make up lost ground.
Nokia introduced the first Windows smartphone is expected that the annual Nokia World Exhibition in London in October-end and delivers together have to start in early November that the phones to consumers in the highest Christmas sales.
Nomura analysts raised their price targets for shares of 3.60 € to 4 €. Nokia shares traded at 4.50 € at 0718 GMT on Wednesday.
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