Nokia Sees Unusually High Options Volume (NYSE:NOK)

Nokia Corporation (NYSE:NOKGet Free Report) saw some unusual options trading on Friday. Investors acquired 85,204 call options on the stock. This represents an increase of 53% compared to the typical volume of 55,727 call options.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on NOK. Kepler Capital Markets raised Nokia from a “hold” rating to a “buy” rating in a report on Wednesday, January 7th. Wall Street Zen downgraded shares of Nokia from a “buy” rating to a “hold” rating in a research report on Sunday, November 30th. UBS Group reaffirmed a “neutral” rating on shares of Nokia in a report on Tuesday, October 28th. Santander raised shares of Nokia from a “neutral” rating to an “outperform” rating in a report on Monday, February 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Nokia from $7.10 to $8.00 and gave the company an “overweight” rating in a research note on Monday, December 1st. Nine investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $7.01.

Read Our Latest Report on NOK

Nokia Stock Performance

Shares of NYSE:NOK traded up $0.17 on Friday, reaching $7.77. 70,782,079 shares of the company’s stock were exchanged, compared to its average volume of 38,726,789. The business’s 50-day moving average is $6.68 and its two-hundred day moving average is $5.82. The company has a quick ratio of 1.36, a current ratio of 1.58 and a debt-to-equity ratio of 0.11. Nokia has a fifty-two week low of $4.00 and a fifty-two week high of $8.19. The firm has a market capitalization of $44.61 billion, a price-to-earnings ratio of 59.76, a PEG ratio of 2.71 and a beta of 0.81.

Institutional Trading of Nokia

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp boosted its position in Nokia by 248.7% during the 4th quarter. Fifth Third Bancorp now owns 3,815 shares of the technology company’s stock worth $25,000 after acquiring an additional 2,721 shares during the period. Wexford Capital LP acquired a new position in Nokia during the 3rd quarter valued at about $29,000. FNY Investment Advisers LLC raised its position in shares of Nokia by 33,457.1% during the 4th quarter. FNY Investment Advisers LLC now owns 4,698 shares of the technology company’s stock worth $30,000 after buying an additional 4,684 shares in the last quarter. Dorato Capital Management acquired a new stake in shares of Nokia in the 4th quarter worth approximately $31,000. Finally, Caitong International Asset Management Co. Ltd bought a new position in shares of Nokia in the third quarter valued at approximately $34,000. 5.28% of the stock is currently owned by institutional investors and hedge funds.

Nokia News Summary

Here are the key news stories impacting Nokia this week:

About Nokia

(Get Free Report)

Nokia Corporation, headquartered in Espoo, Finland, is a global telecommunications and technology company with roots dating back to 1865. Over its long history the company moved from forestry and cable operations into electronics and telecommunications, becoming widely known in the 1990s and 2000s for its mobile phones. In recent years Nokia refocused its business toward network infrastructure, software and technology licensing, and research and development, following the divestiture of its handset manufacturing business and the acquisition of Alcatel‑Lucent in 2016, which brought Bell Labs into its portfolio.

Today Nokia’s core activities center on designing, building and supporting communications networks and related software.

Further Reading

Receive News & Ratings for Nokia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nokia and related companies with MarketBeat.com's FREE daily email newsletter.