Home » Business, Financial

Nokia Corporation (ADR) (NYSE:NOK) And RYAAY Upgraded To “Neutral” At HSBC

Written by on September 26, 2013

TheFlyOnTheWall.com reported that in a research report released on Monday morning, HSBC upgraded Nokia Corporation (ADR) (NYSE:NOK)  shares to a neutral rating from an underweight rating. Recently, HSBC has also commented on other information technology stocks. The firm upgraded Ryanair Holdings plc (ADR) (NASDAQ:RYAAY)’s shares to a neutral rating from an underweight rating. However, HSBC has started coverage on Melco Crown Entertainment Ltd (ADR) (NASDAQ:MPEL)’s shares. The firm assigned an overweight rating to its stock with a $43.00 price objective.

Recently, a number of other analysts have also commented on NOK’s stock. In a research note to investors on Friday, September 20th, analysts at TheStreet upgraded the company’s shares to a hold rating. Separately, in a research note to investors on Thursday, September 19th, analysts at Seb Enskilda upgraded company’s shares to an overweight rating. Finally, in a research note to investors on Wednesday, September 18th, analysts at Credit Suisse upgraded the company’s shares to an outperform rating from a neutral rating.

Four equities research analysts have given a sell rating to the stock, twenty-one have issued a hold rating and thirteen have given a buy rating to the stock. Currently, the company has a consensus rating of Hold and an average price target of $4.73.

On Monday, the company was also the recipient of unusually large options trading. Traders purchased 15,090 call options on the company. This indicates a rise of almost 736% compared to the typical volume of 1,804 call options. The company opened at 6.58 the same day. Nokia has a 52-week high of $6.78 and a 52-week low of $2.52. The stock has a 200-day moving average of $3.97 and a 50-day moving average of $4.96. The market cap of company is $24.426 billion. Nokia Corporation (ADR) (NYSE:NOK) shares were down -0.45% to $6.60 in premarket.

Tags: , , , , , , , ,

Leave a comment

Add your comment below, or trackback from your own site. You can also Comments Feed via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>