Nokia Given New $6.10 Price Target at Scotiabank (NOK) (DailyPolitical)
Scotiabank upped their price target on shares of Nokia Corporation (ADR) (NYSE:NOK) from $4.00 to $6.10 in a research note issued on Wednesday, AnalystRatingsNetwork.com reports. Scotiabank’s target price would indicate a potential upside of 14.45% from the stock’s previous close. Nokia (NYSE:NOK) traded up 2.72% on Wednesday, hitting $5.475. 60,596,460 shares of the company’s stock traded hands. Nokia has a 52-week low of $2.27 and a 52-week high of $5.58. The stock has a 50-day moving average of $4.12 and a 200-day moving average of $3.72. The company’s market cap is $20.324 billion.
Microsoft Bought A Company When It Needed A Leader (WSJ)
The American public and Wall Street always have had a thing for the great business leader. …In a nutshell, that seems to be the reasoning behind Microsoft Corporation (NASDAQ:MSFT)’s $7 billion announced acquisition of Nokia Corporation (ADR) (NYSE:NOK) +5.26%’s handset division. The products of the two companies may have had their strengths, but they could be stronger together. Probably true.
Microsoft-Nokia deal positive for Taiwan supply chain: brokerages (FocusTaiwan)
Microsoft Corporation (NASDAQ:MSFT)’s acquisition of Nokia Oyj’s handset unit will likely benefit several Taiwanese suppliers in the long term because of the rising outsourcing orders from Nokia Corporation (ADR) (NYSE:NOK) that will result, according to analysts from two brokerage firms. In a Sept. 3 announcement that surprised the technology industry, Microsoft Corporation (NASDAQ:MSFT) said it had agreed to acquire the Finnish phone maker’s devices and services business for 5.44 billion euros (US$7.2 billion). The deal is expected to be completed in the first quarter of 2014.
Nokia makes fun of Android 4.4 KitKat on Twitter (Phandroid)
Well, isn’t this quite the bold statement? Apparently, Nokia Corporation (ADR) (NYSE:NOK) has had themselves a little chuckle over Google Inc (NASDAQ:GOOG) calling the next version of their mobile operating system “Android 4.4 KitKat.” That name was dropped on us just a couple of days ago, with Google and the company behind the chocolaty treat going as far as running a contest, creating Android shaped KitKat bars, and erecting a huge statue of it on building 42’s lawn. To commemorate the event, Nokia’s German Twitter account posted a Tweet with a photo of a Samsung Galaxy S4 being broken in half, telling folks that it’s OK to “have a break.”