New Buy Rating for Nokia (0HAF), the Technology Giant
In a report released on March 24, Sebastien Sztabowicz from Kepler Capital maintained a Buy rating on Nokia, with a price target of €8.00. The company’s shares closed yesterday at €7.04.
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According to TipRanks, Sztabowicz is an analyst with an average return of -3.0% and a 45.45% success rate. Sztabowicz covers the Technology sector, focusing on stocks such as STMicroelectronics NV, Nokia, and Soitec SA.
Currently, the analyst consensus on Nokia is a Hold with an average price target of €6.15, implying a -12.64% downside from current levels. In a report released on March 12, Morgan Stanley also maintained a Buy rating on the stock with a €8.50 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 38 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.
Read More on GB:0HAF:
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- Nokia downgraded to Hold from Buy at SEB Equities
- Nokia Discloses Board Member Dannenfeldt’s Sale of 33,500 Shares
- Nokia Board Member Thomas Dannenfeldt Discloses Share Disposal
- Nokia Allocates Over 1.2 Million Treasury Shares to Incentive Plans
- Nokia Transfers Treasury Shares to Settle Equity Incentive Plans
