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The sorry state of Nokia as it just continue to fall in the market



  

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Wednesday, 01 June 2011
Nokia's share price continued to fall on the Helsinki Stock Exchange. During the morning, Nokia's shares lost more than eight percent.

When Nokia yesterday delivered a profit warning, its shares dropped by over 17 percent.
Since the beginning of the year, Nokia's shares prices has nearly halved in value. Many analysts expect that the downhill slope will continue. Analysts are particularly skeptical that Nokia will be able to regain the market share that the company is now losing.

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Several investment banks expect a Nokia share price of around four euros. Most pessimistic is  Danske Bank's subsidiary, Danske Markets. There, they are waiting for a Nokia rate to hit 2.2 euros.

analyst in Finland have now concluded that energy company Fortum now has a higher market capitalization than Nokia, and is the most valuable Finnish listed company.

Telecommunications company TeliaSonera and Nordea bank has already gone past the mobile giant, but they both have their headquarters in Sweden.
By Scancomark.se


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