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

Tipranks - Tipranks - Tue Feb 3, 1:36AM CST

In a report released today, Sandeep Deshpande from J.P. Morgan maintained a Buy rating on Nokia, with a price target of €6.90.

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Deshpande covers the Technology sector, focusing on stocks such as Nokia, ASML Holding NV, and STMicroelectronics NV. According to TipRanks, Deshpande has an average return of 11.9% and a 57.52% success rate on recommended stocks.

In addition to J.P. Morgan, Nokia also received a Buy from Jefferies’s Janardan Menon in a report issued on January 29. However, on the same day, UBS maintained a Hold rating on Nokia (LSE: 0HAF).

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The company has a one-year high of €6.65 and a one-year low of €3.42. Currently, Nokia has an average volume of 11.21M.

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.

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