Nokia Oyj Target of Unusually High Options Trading (NYSE:NOK)

Nokia Oyj (NYSE:NOK) was the recipient of unusually large options trading on Monday. Stock investors bought 10,704 call options on the company. This is an increase of 61% compared to the typical volume of 6,667 call options.

Nokia Oyj Price Performance

Shares of NYSE NOK opened at $3.68 on Wednesday. Nokia Oyj has a twelve month low of $2.94 and a twelve month high of $4.36. The company has a quick ratio of 1.40, a current ratio of 1.64 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average price is $3.54 and its 200-day moving average price is $3.47. The company has a market capitalization of $20.73 billion, a PE ratio of 23.00, a PEG ratio of 0.98 and a beta of 1.09.

Nokia Oyj (NYSE:NOK) last posted its quarterly earnings data on Thursday, January 25th. The technology company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). Nokia Oyj had a net margin of 3.90% and a return on equity of 8.39%. The firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.66 billion. During the same quarter in the previous year, the company posted $0.16 EPS. On average, equities analysts anticipate that Nokia Oyj will post 0.38 EPS for the current year.

Nokia Oyj Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 8th. Investors of record on Tuesday, April 23rd will be paid a $0.0323 dividend. The ex-dividend date is Monday, April 22nd. This represents a $0.13 annualized dividend and a yield of 3.51%. Nokia Oyj’s payout ratio is 56.25%.

Analyst Ratings Changes

A number of analysts have commented on NOK shares. BNP Paribas started coverage on Nokia Oyj in a report on Friday, January 12th. They set a “neutral” rating for the company. StockNews.com raised Nokia Oyj from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Barclays lowered Nokia Oyj from an “equal weight” rating to an “underweight” rating in a report on Friday, January 19th. Finally, JPMorgan Chase & Co. decreased their price objective on Nokia Oyj from $4.39 to $4.26 and set a “neutral” rating for the company in a report on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Nokia Oyj presently has a consensus rating of “Hold” and an average price target of $4.42.

Hedge Funds Weigh In On Nokia Oyj

Institutional investors have recently bought and sold shares of the company. Banque Cantonale Vaudoise raised its holdings in Nokia Oyj by 48.2% during the 1st quarter. Banque Cantonale Vaudoise now owns 9,229 shares of the technology company’s stock valued at $33,000 after acquiring an additional 3,000 shares during the period. Capital Management Associates Inc bought a new stake in Nokia Oyj during the 4th quarter valued at $34,000. Tieton Capital Management LLC bought a new stake in Nokia Oyj during the 4th quarter valued at $34,000. Peapack Gladstone Financial Corp bought a new stake in Nokia Oyj during the 4th quarter valued at $35,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in Nokia Oyj during the 1st quarter valued at $35,000. Hedge funds and other institutional investors own 5.28% of the company’s stock.

Nokia Oyj Company Profile

Nokia Oyj provides mobile, fixed, and cloud network solutions worldwide. The company operates through four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company provides fixed networking solutions, such as fiber and copper-based access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP networking solutions, including IP access, aggregation, and edge and core routing for residential, mobile, enterprise and cloud applications; optical networks solutions that provides optical transport networks for metro, regional, and long-haul applications, and subsea applications; and submarine networks for undersea cable transmission.