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New Buy Rating for Nokia (0HAF), the Technology Giant

Tipranks - Tipranks - Mon Mar 30, 6:08PM CDT

In a report released today, Janardan Menon from Jefferies maintained a Buy rating on Nokia, with a price target of €8.80.

End of Quarter Sale - 50% Off TipRanks

Menon covers the Technology sector, focusing on stocks such as Nokia, STMicroelectronics NV, and Infineon Technologies AG. According to TipRanks, Menon has an average return of 6.4% and a 57.52% success rate on recommended stocks.

In addition to Jefferies, Nokia also received a Buy from Kepler Capital ‘s Sebastien Sztabowicz in a report issued on March 24. However, on March 27, Goldman Sachs upgraded Nokia (LSE: 0HAF) to a Hold.

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The company has a one-year high of €7.54 and a one-year low of €3.42. Currently, Nokia has an average volume of 13.18M.

Based on the recent corporate insider activity of 38 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0HAF in relation to earlier this year.

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