Canaccord Genuity Reiterates a 'Buy' on Nokia (NOK); Smartphone Transition on Track, Dual-SIM Products Key for H2/11
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Price: $10.76 +1.89%
Rating Summary:
24 Buy, 13 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
24 Buy, 13 Hold, 6 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity reiterates a 'Buy' on Nokia (NYSE: NOK), PT $11.
Canaccord analyst, T. Michael Walkley, says, "We believe Nokia has a renewed sense of urgency under Stephen Elop’s leadership, and we believe Nokia’s transition to Windows smartphones remains on track to launch the first devices during Q4/11. While the success of the Microsoft (Nasdaq: MSFT) partnership is critical for Nokia’s longer-term success, we believe improved execution in its Mobile Phone division is also important, and we provide an analysis of the feature phone market in this report. Given our belief the Nokia-Microsoft partnership is best positioned to potentially create a 3rd smartphone ecosystem, we reiterate our rating."
For more ratings news on Nokia click here and for the rating history of Nokia click here.
Shares of Nokia closed at $8.13 yesterday.
Canaccord analyst, T. Michael Walkley, says, "We believe Nokia has a renewed sense of urgency under Stephen Elop’s leadership, and we believe Nokia’s transition to Windows smartphones remains on track to launch the first devices during Q4/11. While the success of the Microsoft (Nasdaq: MSFT) partnership is critical for Nokia’s longer-term success, we believe improved execution in its Mobile Phone division is also important, and we provide an analysis of the feature phone market in this report. Given our belief the Nokia-Microsoft partnership is best positioned to potentially create a 3rd smartphone ecosystem, we reiterate our rating."
For more ratings news on Nokia click here and for the rating history of Nokia click here.
Shares of Nokia closed at $8.13 yesterday.
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