Nokia Co. Sees Unusually Large Options Volume (NOK)
Shares of Nokia Co. (NYSE:NOK) were the recipient of some unusual options trading activity on Monday. Traders purchased 25,083 call options on the company, Analyst Ratings Network reports. This represents an increase of 294% compared to the average daily volume of 6,367 call options.
A number of research firms have recently commented on NOK. Analysts at Zacks downgraded shares of Nokia Co. from an “outperform” rating to a “neutral” rating in a research note on Thursday. They now have a $8.25 price target on the stock. Separately, analysts at MKM Partners raised their price target on shares of Nokia Co. from $7.75 to $8.25 in a research note on Thursday, July 24th. They now have a “neutral” rating on the stock. Finally, analysts at Raymond James upgraded shares of Nokia Co. from an “underperform” rating to a “market perform” rating in a research note on Monday, June 23rd. Three analysts have rated the stock with a sell rating, seventeen have given a hold rating and sixteen have issued a buy rating to the company. Nokia Co. presently has a consensus rating of “Hold” and an average price target of $12.46.
Nokia Co. (NYSE:NOK) traded up 0.90% on Monday, hitting $7.82. 12,791,862 shares of the company’s stock traded hands. Nokia Co. has a 1-year low of $3.87 and a 1-year high of $8.35. The stock’s 50-day moving average is $7.73 and its 200-day moving average is $7.5. The company has a market cap of $29.044 billion and a price-to-earnings ratio of 10.73.
Nokia Co. (NYSE:NOK) last posted its quarterly earnings results on Thursday, July 24th. The company reported $0.06 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.07 by $0.01. The company had revenue of $2.94 billion for the quarter, compared to the consensus estimate of $3.91 billion. Nokia Co.’s revenue was down 47.5% compared to the same quarter last year. Analysts expect that Nokia Co. will post $0.32 EPS for the current fiscal year.
Nokia Corporation invests in technological devices. The Company is focused on three businesses: network infrastructure software, hardware and services, which it offers through Networks; location intelligence, which the Company provides through HERE, and advanced technology development and licensing, which the Company pursues through Technologies.
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