Nokia Sees Unusually Large Options Volume (NOK)
Nokia (NYSE:NOK) was the target of unusually large options trading on Tuesday. Traders bought 22,495 call options on the company, Analyst Ratings Network reports. This represents an increase of 161% compared to the typical volume of 8,603 call options.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $4.55.
Nokia (NYSE:NOK) opened at 6.92 on Wednesday. Nokia has a one year low of $2.56 and a one year high of $6.96. The stock has a 50-day moving average of $6.06 and a 200-day moving average of $4.31. The company’s market cap is $25.688 billion.
Nokia (NYSE:NOK) last announced its earnings results 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. 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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