5 Most Promising Low-Cost Stocks According to Analysts

In this article, we will take a look at 5 most promising low-cost stocks according to analysts. To skip our analysis of the recent market activity, you can go directly to see the 13 Most Promising Low-Cost Stocks According to Analysts.

5. Nokia Corporation (NYSE:NOK)

Upside Potential as of December 20: 34.77%

Number of Hedge Fund Holders: 17

Espoo, Finland-based Nokia Corporation (NYSE:NOK) is a communications and information technology company that operates in the areas of network infrastructure and advanced technologies. It provides products and services including fiber, fixed wireless access technologies, copper, IP routing, data center, subsea and terrestrial optical networks, among others.

On December 20, Nokia Corporation (NYSE:NOK) announced an agreement to sell its Device Management (DM) and Service Management Platform (SMP) businesses to Lumine Group Inc. The transaction is valued at €185 million which includes a contingent consideration of up to €35 based on performance.

The transaction is part of Nokia Corporation (NYSE:NOK) strategy to actively manage its Cloud and Network Services portfolio to invest in other strategic areas. The company is working on a threefold strategy to improve its operating margin: give business groups more operational autonomy; embed sales teams into the business groups; and reset the company’s cost base to protect profitability. The company is targeting €800 million to €1.2 billion in cost savings by 2026.