Stock Traders Buy High Volume of Put Options on Nokia (NOK)
Nokia (NYSE:NOK) was the target of some unusual options trading on Friday. Investors acquired 14,802 put options on the company, Analyst Ratings Network reports. This is an increase of 727% compared to the average volume of 1,789 put 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, September 20th. Finally, analysts at Seb Enskilda upgraded shares of Nokia (NYSE:NOK) to an “overweight” rating in a research note to investors on Thursday, September 19th. Four equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $4.73.
Shares of Nokia (NYSE:NOK) traded up 0.30% during mid-day trading on Friday, hitting $6.66. 19,630,030 shares of the company’s stock traded hands. Nokia has a 52-week low of $2.52 and a 52-week high of $6.78. The stock’s 50-day moving average is $5.1 and its 200-day moving average is $4.01. The company’s market cap is $24.723 billion.
Nokia (NYSE:NOK) last issued its quarterly earnings data 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 last year, the company posted ($0.08) earnings per share. Nokia’s revenue was down 24.5% compared to the same quarter last year.
Nokia Corporation (NYSE:NOK) has three operating segments: Devices & Services; NAVTEQ, and Nokia Siemens Networks.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.