US Stock Market Move | Nokia Oyj Sponsored ADR (NOK.US) rose more than 4% in pre-market trading, selected to operate the new Connexa network in New Zealand.

On Thursday, Nokia Oyj Sponsored ADR (NOK.US) rose more than 4% in pre-market trading, reaching $6.66. In terms of news, it was reported that New Zealand's independent tower company Connexa has chosen Nokia Oyj Sponsored ADR as its Network Operations Center (NOC) partner, outsourcing the operation of its infrastructure to a global service provider instead of managing it in-house. In a statement, the provider explained that its Network Operations Center could achieve centralized management and proactive monitoring of critical infrastructure, allowing Connexa to integrate and simplify its operations, improving operational efficiency. Connexa CEO Rob Berriill stated, "Nokia Oyj Sponsored ADR brings global expertise and deep local experience to help Connexa better manage its extensive tower network," which covers over 2,500 sites in New Zealand. Andrew Cope, Head of Nokia Oyj Sponsored ADR's Oceania market division, said, "Collaborating with customers like Connexa who embrace operational innovation is crucial for driving the automation process and improving efficiency throughout the tower ecosystem." Morgan Stanley has raised its target price for Nokia Oyj Sponsored ADR European stocks from 4.2 euros to 6.5 euros, upgrading its rating from "hold" to "buy."