Nokia Co. Sets New 1-Year High at $7.07 (NOK)
Nokia (NYSE:NOK) set a new 52-week high during mid-day trading on Wednesday, AnalystRatings.Net reports. The stock traded as high as $7.07 and last traded at $7.00, with a volume of 26,817,640 shares. The stock had previously closed at $6.92.
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 in a research note to investors on Tuesday, October 1st. Separately, analysts at HSBC upgraded shares of Nokia 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 to a “hold” rating in a research note to investors on Friday, September 20th. Four investment 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. The company currently has an average rating of “Hold” and a consensus price target of $4.55.
Nokia has a 1-year low of $2.56 and a 1-year high of $6.96. The stock’s 50-day moving average is $6.06 and its 200-day moving average is $4.31. The company’s market cap is $25.986 billion. Nokia also saw some unusual options trading on Tuesday. Stock traders acquired 22,495 call options on the stock. This represents an increase of 161% compared to the average volume of 8,603 call options.
Nokia (NYSE:NOK) last posted its quarterly earnings results on Thursday, July 18th. The company reported $0.00 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.08) earnings per share. The company’s quarterly revenue 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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