Kepler Capital Keeps Their Buy Rating on Nokia (0HAF)

In a report released on January 29, Sebastien Sztabowicz from Kepler Capital maintained a Buy rating on Nokia, with a price target of €6.60. The company’s shares closed last Thursday at €5.13.

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Sztabowicz covers the Technology sector, focusing on stocks such as Soitec SA, ams-OSRAM, and Nokia. According to TipRanks, Sztabowicz has an average return of -5.0% and a 42.82% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nokia with a €6.03 average price target, a 17.54% upside from current levels. In a report released on January 29, Jefferies also maintained a Buy rating on the stock with a €7.20 price target.

Based on Nokia’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €4.83 billion and a net profit of €323 million. In comparison, last year the company earned a revenue of €4.33 billion and had a net profit of €169 million

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0HAF in relation to earlier this year.