Stock Traders Purchase Large Volume of Call Options on Nokia (NYSE:NOK)

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

Nokia Stock Performance

NOK opened at $7.77 on Friday. 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 12-month low of $4.00 and a 12-month high of $8.19. The business has a 50 day moving average of $6.71 and a 200-day moving average of $5.85. The stock has a market cap of $44.61 billion, a price-to-earnings ratio of 59.76, a PEG ratio of 2.77 and a beta of 0.81.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. UBS Group restated a “neutral” rating on shares of Nokia in a report on Tuesday, October 28th. Danske upgraded Nokia from a “hold” rating to a “buy” rating in a research note on Friday, November 21st. Northland Securities set a $7.50 price target on Nokia in a research report on Friday, October 24th. Wall Street Zen downgraded Nokia from a “buy” rating to a “hold” rating in a report on Sunday, November 30th. Finally, Jefferies Financial Group raised shares of Nokia from a “hold” rating to a “buy” rating in a research note on Tuesday, October 28th. Nine investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Nokia currently has an average rating of “Moderate Buy” and an average target price of $7.01.

Read Our Latest Stock Analysis on NOK

Hedge Funds Weigh In On Nokia

A number of hedge funds have recently bought and sold shares of the business. Analog Century Management LP acquired a new stake in shares of Nokia during the 4th quarter worth approximately $104,244,000. Arrowstreet Capital Limited Partnership lifted its stake in Nokia by 50.0% during the third quarter. Arrowstreet Capital Limited Partnership now owns 43,424,695 shares of the technology company’s stock worth $208,873,000 after purchasing an additional 14,482,665 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Nokia by 35,010.3% in the 3rd quarter. Thrivent Financial for Lutherans now owns 12,655,143 shares of the technology company’s stock valued at $60,871,000 after purchasing an additional 12,619,099 shares in the last quarter. Pzena Investment Management LLC boosted its holdings in shares of Nokia by 17.0% in the 3rd quarter. Pzena Investment Management LLC now owns 80,329,917 shares of the technology company’s stock valued at $386,387,000 after purchasing an additional 11,667,677 shares in the last quarter. Finally, Alyeska Investment Group L.P. increased its stake in shares of Nokia by 171.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 17,490,101 shares of the technology company’s stock valued at $113,161,000 after purchasing an additional 11,035,002 shares during the last quarter. 5.28% of the stock is owned by institutional investors.

Key Headlines Impacting Nokia

Here are the key news stories impacting Nokia this week:

Nokia Company Profile

(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.

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