Traders Purchase Large Volume of Nokia Put Options (NOK)
Shares of Nokia (NYSE:NOK) saw unusually large options trading activity on Thursday. Traders bought 18,228 put options on the stock, AnalystRatingsNetwork.com reports. This is an increase of 220% compared to the average daily volume of 5,702 put options.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of Nokia in a research note to investors on Monday. Separately, analysts at Natixis downgraded shares of Nokia from a “neutral” rating to a “reduce” rating in a research note to investors on Friday, January 24th. Finally, analysts at BMO Capital Markets cut their price target on shares of Nokia from $7.00 to $6.50 in a research note to investors on Friday, January 24th. They now have a “market perform” rating on the stock. Seven research analysts have rated the stock with a sell rating, eighteen have given a hold rating and fifteen have issued a buy rating to the stock. Nokia presently has an average rating of “Hold” and an average price target of $12.65.
Shares of Nokia (NYSE:NOK) traded down 0.14% on Thursday, hitting $7.03. 25,206,336 shares of the company’s stock traded hands. Nokia has a 52-week low of $3.02 and a 52-week high of $8.20. The stock has a 50-day moving average of $7. and a 200-day moving average of $6.47. The company’s market cap is $26.098 billion.
Nokia (NYSE:NOK) last released its earnings data on Thursday, January 16th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.03. The company had revenue of $3.48 billion for the quarter. During the same quarter last year, the company posted $0.06 earnings per share. Nokia’s revenue was down 21.2% compared to the same quarter last year. On average, analysts predict that Nokia will post $0.07 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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