Stock Traders Purchase High Volume of Nokia Call Options (NOK)
Nokia (NYSE:NOK) saw some unusual options trading on Monday. Investors bought 6,772 call options on the stock, AnalystRatingsNetwork reports. This represents an increase of approximately 114% compared to the typical daily volume of 3,165 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, September 23rd. 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 research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $4.73.
Nokia (NYSE:NOK) traded down 2.27% on Monday, hitting $6.509. 25,735,878 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. and its 200-day moving average is $4.0. The company’s market cap is $24.163 billion.
Nokia (NYSE:NOK) last released its 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. On average, analysts predict that Nokia will post $0.05 earnings per share for the current fiscal year.
Nokia Corporation (NYSE:NOK) has three operating segments: Devices & Services; NAVTEQ, and Nokia Siemens Networks.
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