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Why Is Nokia's Stock Trading Higher Today?

Nokia Corporation (NYSE: NOK) shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight.

05/07/2021 10:38

Nokia Corporation (NYSE:NOK) shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight.

Nokia is a leading vendor in the telecommunications equipment industry. The company's network business derives revenue from selling wireless and fixed-line hardware, software, and services.

Nokia's stock was trading 5% higher at $5.11 at the time of publication. The stock has a 52-week high of $9.79 and a 52-week low of $3.21.