Barclays Cuts Nokia (NOK) to Underweight; Underlying Smartphone Weakness is Concerning - InvestingChannel

Barclays Cuts Nokia (NOK) to Underweight; Underlying Smartphone Weakness is Concerning

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Rating Summary:

8 Buy, 12 Hold, 16 Sell

Rating Trend: = Flat

Today’s Overall Ratings:

Up: 7 | Down: 13 | New: 1

Barclays downgrades Nokia (NYSE: NOK) from Equalweight to Underweight, moving its price target from €2.15 up to €2.50.

The firm cuts weak underlying trends in smartphones overshadowed by success in networks and operating expense cuts.

For an analyst ratings summary and ratings history on Nokia click here. For more ratings news on Nokia click here.

Shares of Nokia closed at $4.70 yesterday, with a 52 week range of $1.63-$5.87.

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