Nokia "neutral"

07/19/05 - J.P. Morgan Securities

LONDON, July 19 (newratings.com) - Analysts at JP Morgan maintain their "neutral" rating on Nokia (NIA-EUR).

In a research note published this morning, the analysts mention that the company is scheduled to report its 2Q05 results on July 21. According to the analysts, Nokia's results are expected to have been boosted by the recent robust trends in the handset and wireless infrastructure markets. Nokia is also likely to have witnessed market share gains and unit growth during the quarter, the analysts say. JP Morgan expresses its concern, however, regarding the company's ASPs and margins.