Stock Traders Buy Large Volume of Nokia Call Options (NOK)
Shares of Nokia (NYSE:NOK) was the target of unusually large options trading activity on Tuesday. Traders bought 31,340 call options on the stock, AR Network reports. This represents an increase of 102% compared to the average daily volume of 15,499 call options.
Several analysts have recently commented on the stock. Analysts at RBC Capital upgraded shares of Nokia from a “sector perform” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $7.00 price target on the stock. Separately, analysts at MKM Partners raised their price target on shares of Nokia from $5.50 to $7.50 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Nokia to $21.00 in a research note to investors on Friday, October 25th. They now have a “buy” rating on the stock. Eight research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $11.56.
Shares of Nokia (NYSE:NOK) opened at 7.45 on Wednesday. Nokia has a 52 week low of $2.27 and a 52 week high of $6.47. The stock’s 50-day moving average is $4.48 and its 200-day moving average is $3.82. The company’s market cap is $27.656 billion.
Nokia (NYSE:NOK) last announced its earnings results on Tuesday, October 29th. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.90 billion. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The company’s revenue for the quarter was down 21.8% 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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