Nokia Oyj Sees Unusually Large Options Volume (NOK)

Nokia Oyj (NYSE:NOK) saw unusually large options trading activity on Wednesday. Traders acquired 36,170 call options on the stock. This is an increase of approximately 1,067% compared to the typical volume of 3,100 call options.

Several research firms have recently weighed in on NOK. BMO Capital Markets reaffirmed a “hold” rating and set a $5.00 price objective on shares of Nokia Oyj in a report on Thursday, July 26th. ValuEngine raised shares of Nokia Oyj from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research raised shares of Nokia Oyj from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. BNP Paribas lowered shares of Nokia Oyj from a “neutral” rating to an “underperform” rating in a report on Wednesday, September 19th. Finally, Exane BNP Paribas lowered shares of Nokia Oyj from a “neutral” rating to an “underperform” rating in a report on Wednesday, September 19th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.86.

NOK opened at $5.55 on Friday. Nokia Oyj has a one year low of $4.51 and a one year high of $6.41. The company has a current ratio of 1.37, a quick ratio of 1.14 and a debt-to-equity ratio of 0.18. The company has a market cap of $31.42 billion, a PE ratio of 15.00, a P/E/G ratio of 2.90 and a beta of 0.86.

Nokia Oyj (NYSE:NOK) last released its quarterly earnings results on Thursday, July 26th. The technology company reported $0.04 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Nokia Oyj had a negative net margin of 4.56% and a positive return on equity of 9.10%. The business had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.18 billion. During the same period in the prior year, the firm earned $0.08 earnings per share. Nokia Oyj’s revenue was down 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Nokia Oyj will post 0.26 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ariel Investments LLC grew its stake in shares of Nokia Oyj by 0.8% during the second quarter. Ariel Investments LLC now owns 24,242,239 shares of the technology company’s stock valued at $139,393,000 after purchasing an additional 187,280 shares during the last quarter. Miller Howard Investments Inc. NY grew its stake in shares of Nokia Oyj by 2,240.6% during the second quarter. Miller Howard Investments Inc. NY now owns 9,611,936 shares of the technology company’s stock valued at $55,269,000 after purchasing an additional 9,201,275 shares during the last quarter. Northern Trust Corp grew its stake in shares of Nokia Oyj by 0.3% during the second quarter. Northern Trust Corp now owns 5,583,259 shares of the technology company’s stock valued at $32,102,000 after purchasing an additional 18,115 shares during the last quarter. Millennium Management LLC grew its stake in shares of Nokia Oyj by 17.0% during the first quarter. Millennium Management LLC now owns 5,177,007 shares of the technology company’s stock valued at $28,318,000 after purchasing an additional 752,977 shares during the last quarter. Finally, Natixis grew its stake in shares of Nokia Oyj by 584.2% during the second quarter. Natixis now owns 5,000,974 shares of the technology company’s stock valued at $28,756,000 after purchasing an additional 4,270,000 shares during the last quarter. 6.83% of the stock is currently owned by institutional investors and hedge funds.

About Nokia Oyj

Nokia Corporation engages in the network and technology businesses worldwide. The company operates through four segments: Ultra Broadband Networks, Global Services, IP Networks and Applications, and Nokia Technologies. It provides mobile networking solutions, including hardware, software, and services for telecommunications operators, enterprises, and related markets/verticals.

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