Tuesday’s Top News Round Up: Nokia Corporation, Sirius XM Radio Inc, MetroPCS Communications


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NASDAQ:SIRI / NYSE:PCS
10/02/2012 [ACCESSWIRE]

NEW YORK, October 02, 2012 - Marketsareopen, one of the leaders in providing investment alerts on U.S. stocks are announcing Investment Highlights on Nokia Corporation, Sirius XM Radio Inc, MetroPCS Communications.

The smartphone industry has fast grown into one of the biggest industries and most competitive sectors, and as such, the break-neck competition is leading the different companies to constantly come up with new techniques and technologies to become more unique and useful than the others. Nokia Corporation (ADR)(NYSE:NOK) is also facing stiff competition from the likes of Apple, Samsung, and other smartphones which are based on Google’s Android services. The company is trying to keep up with the rat race by trying to make the owners of their phones feel like they have something unique because they have Nokia Smartphones.

Will NOK Hit $5 This Month? Find Out Here http://marketsareopen.com/reports/index.php?company=NOK

The financial aspect of this deal has not been revealed, as of now. But, Nokia Corp. said that this will help people in the corporate world by saving them time, resources, and money. Without using up much of those, the companies will be able to get a geographic perspective of how their business is going, or can go.

Shares of NOK ended lower by 5.07% to $2.62 in Tuesday’s session.

Sirius XM Radio Inc(NASDAQ:SIRI) has put out a very upbeat research call on Sirius XM, which is shortly about to be controlled by Liberty Media.

According to Bank of America Merrill Lynch the stock's got some 46 percent upsides to it from here to $3.75.

That positive outlook has also resulted in a But rating from the bank which is initiating overage.

The shares in the company have soared since the time it was near bankruptcy and Liberty Media saved it from oblivion by infusing about $350 million worth of funds in exchange for a 40 percent stake.

Will SIRI Continue To Hit New Highs? Find Out Here http://marketsareopen.com/reports/index.php?company=SIRI

If you'd bought it at a dime a share then, you're up 26 times on your money.

The BofA Merrill target is well above the current high analyst call. At the moment, the top price target is $3.35, and the average of all those following the stock is $2.75, a full dollar below what BofA sees coming.

Shares of SIRI were up 2.34% to $2.62 and made multi-year high of $2.68.

As per a report from Bloomberg, Deutsche Telekom is close to a deal with MetroPCS Communications Inc(NYSE:PCS) to combine their U.S. wireless businesses, the German company said on Tuesday.

The plan includes putting the U.S. operators into one company in which Deutsche Telekom will hold the majority of shares, the Bonn-based company said in a statement. The deal will give T-Mobile the leverage and scale to compete with larger rivals such as Verizon and AT&T.

MetroPCS shares surged 18 percent on the news after hitting highest level in 14 months in New York. 

Will PCS Continue To Move Higher? Find Out Here http://marketsareopen.com/reports/index.php?company=PCS

Deutsche Telekom has been considering a deal with MetroPCS to create a U.S. operator which would be publicly listed.

T-Mobile USA, with 33.2 million customers at the end of June, or a third of each of market leaders Verizon Wireless and AT&T, is seeking to stem client losses it has suffered partly because it doesn’t have the rights to sell Apple's iPhone.

The transaction will involve multiple steps including a stock swap, Bloomberg reported quoting a source.

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