Nokia Sees Unusually High Options Volume (NOK)
Shares of Nokia (NYSE:NOK) was the recipient of unusually large options trading activity on Friday. Traders acquired 20,229 call options on the company, American Banking and Market News reports. This represents an increase of approximately 271% compared to the typical daily volume of 5,452 call options.
NOK has been the subject of a number of recent research reports. Analysts at Bank of America Corp. reiterated a “positive” rating on shares of Nokia (NYSE:NOK) in a research note to investors on Tuesday. Separately, 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. Finally, analysts at TheStreet upgraded shares of Nokia (NYSE:NOK) to a “hold” rating in a research note to investors on Friday, September 20th. 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. Nokia has an average rating of “Hold” and an average target price of $4.55.
Nokia (NYSE:NOK) traded up 0.30% during mid-day trading on Friday, hitting $6.73. 22,331,726 shares of the company’s stock traded hands. Nokia has a one year low of $2.52 and a one year high of $6.78. The stock’s 50-day moving average is $5.48 and its 200-day moving average is $4.12. The company’s market cap is $24.983 billion.
Nokia (NYSE:NOK) last released its earnings data on Thursday, July 18th. The company reported $0.00 earnings per share (EPS) for the quarter, beating the 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. 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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