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

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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About the author: Nick Trass

Journalist Nick Trass is a regular contributor to eFinanceHub covering tech, social media and internet companies. Previously, Mr. Trass was deputy managing editor of the now defunct New York Sun, where he worked in various positions from 2002 to 2008. Prior to that, he served as a freelance editor at BusinessWeek and as staff editor Advertising Age International. Mr. Trass was born in Cheverly, Maryland and attended SUNY Binghamton and the University of Maryland. Contact Nick via email at NTrass@eFinanceHub.com.

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