Kepler Capital Sticks to Its Buy Rating for Nokia (0HAF)
In a report released on April 20, Sebastien Sztabowicz from Kepler Capital maintained a Buy rating on Nokia, with a price target of €8.20. The company’s shares closed last Monday at €8.94.
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According to TipRanks, Sztabowicz is a 3-star analyst with an average return of 1.1% and a 47.24% success rate.
Currently, the analyst consensus on Nokia is a Moderate Buy with an average price target of €7.18, a -19.67% downside from current levels. In a report released yesterday, J.P. Morgan also maintained a Buy rating on the stock with a €6.90 price target.
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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