Nokia Sees Unusually Large Options Volume (NOK)
Shares of Nokia (NYSE:NOK) saw some unusual options trading on Friday. Traders acquired 22,787 call options on the company, AR Network reports. This represents an increase of 2,000% compared to the typical daily volume of 1,085 call options.
Several analysts have recently commented on the stock. Analysts at HSBC upgraded shares of Nokia (NYSE:NOK) from an “underweight” rating to a “neutral” rating in a research note to investors on Monday. Separately, analysts at TheStreet upgraded shares of Nokia (NYSE:NOK) to a “hold” rating in a research note to investors on Friday. Finally, analysts at Seb Enskilda upgraded shares of Nokia (NYSE:NOK) to an “overweight” rating in a research note to investors on Thursday.
Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Nokia presently has an average rating of “Hold” and a consensus target price of $4.73.
Nokia (NYSE:NOK) opened at 6.58 on Monday. Nokia has a one year low of $2.52 and a one year high of $6.78. The stock has a 50-day moving average of $4.84 and a 200-day moving average of $3.92. The company’s market cap is $24.426 billion.
Nokia (NYSE:NOK) last posted its quarterly earnings results on Thursday, July 18th. The company reported $0.00 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.02) by $0.02. The company had revenue of $5.70 billion for the quarter. During the same quarter in the previous year, the company posted ($0.08) earnings per share. The company’s revenue for the quarter was down 24.5% on a year-over-year basis. Analysts expect that Nokia will post $0.05 EPS for the current fiscal year.
Nokia Corporation (NYSE:NOK) has three operating segments: Devices & Services; NAVTEQ, and Nokia Siemens Networks.
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