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Deutsche Bank Sticks to Their Buy Rating for Nokia (0HAF)

Tipranks - Tipranks - Thu Apr 16, 3:50AM CDT

In a report released today, Robert Sanders MBA from Deutsche Bank maintained a Buy rating on Nokia, with a price target of €8.50.

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According to TipRanks, Sanders MBA is ranked #596 out of 12125 analysts.

In addition to Deutsche Bank , Nokia also received a Buy from Bank of America Securities’s Oliver Wong in a report issued on April 13. However, on April 2, Barclays assigned a Sell rating to Nokia (LSE: 0HAF).

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Based on Nokia’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €6.13 billion and a net profit of €532 million. In comparison, last year the company earned a revenue of €5.98 billion and had a net profit of €806 million

Based on the recent corporate insider activity of 40 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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