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The stock price of Nokia Oyj (NYSE: NOK) increased by 15.48% on January 25. One of the biggest reasons why the stock price jumped is due to a bullish report from Sweden-based financial institution SEB, according to Fool. 

SEB had increased the price target from $4.25 to $4.60 per share. And SEB is maintaining a “Buy” rating on the shares. And SEB pointed out that Nokia’s stock price was undervalued in comparison to LM Ericsson. And SEB also noted that Nokia’s fourth-quarter results should be favorable. Plus Nokia is also expected to reinstate a dividend policy. 

Nokia is currently trading at over 4% pre-market today. At 4 AM ET today, Nokia said that its comprehensive C-Band portfolio is now ready for 5G build-out in the U.S.