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

Tipranks - Tipranks - Mon Feb 23, 4:52PM CST

In a report released on February 20, Sebastien Sztabowicz from Kepler Capital maintained a Buy rating on Nokia, with a price target of €6.50. The company’s shares closed last Friday at €6.42.

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According to TipRanks, Sztabowicz is an analyst with an average return of -4.2% and a 43.94% success rate. Sztabowicz covers the Technology sector, focusing on stocks such as STMicroelectronics NV, Soitec SA, and ams-OSRAM.

Currently, the analyst consensus on Nokia is a Moderate Buy with an average price target of €5.80.

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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 36 insiders, corporate insider sentiment is neutral on the stock.

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