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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.

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