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New Buy Rating for Nokia (NOK), the Technology Giant

In a report released yesterday, Sandeep Deshpande from J.P. Morgan maintained a Buy rating on Nokia (NOKResearch Report), with a price target of $6.62. The company’s shares closed last Thursday at $5.12.

According to TipRanks.com, Deshpande is a 5-star analyst with an average return of 12.5% and a 51.9% success rate. Deshpande covers the Technology sector, focusing on stocks such as Infineon Technologies AG, ASML Holding, and ams AG.

Nokia has an analyst consensus of Moderate Buy, with a price target consensus of $7.22.

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The company has a one-year high of $6.40 and a one-year low of $4.37. Currently, Nokia has an average volume of 34.31M.

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Nokia Oyj provides network infrastructure, technology and software services. It operates through the following segments: Ultra Broadband Networks, Global Services, IP Networks and Applications and Nokia Technologies. The Ultra Broadband Networks segment comprises mobile networks and fixed networks. The Global Services segment provides professional services with multi-vendor capabilities, covering network planning and optimization, systems integration. The IP Networks and Applications segment comprising IP/Optical networks and applications & analytics. The Nokia Technologies segment focuses on advanced technology development and licensing. The company was founded in 1865 and is headquartered in Espoo, Finland.

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