Nokia (NYSE: NOK) received a number of ratings updates from brokerages and research firms in the last week:

  • Nokia was downgraded by analysts at Deutsche Bank from a “hold” rating to a “sell” rating. They wrote, “We believe Nokia will struggle to regain sufficient market share with Windows 8 devices to offset increasing pressure on its Mobile Phone business from lowcost Android devices in 2013. … In our view Nokia’s new Windows 8 devices will unlikely alter its muted smartphone market share trajectory in an ever more competitive smartphone market. We model 4m Lumia unit shipments in Q4 and 25m for 2013, with declining Symbian units driving further headwinds in Q412 and Q113. More importantly we are concerned that Win 8′s still high hardware requirements may not allow Nokia to profitably compete in the fast-growing <$200 smartphone market.”
  • Nokia was downgraded by analysts at Societe Generale from a “hold” rating to a “sell” rating.
  • Nokia had its “hold” rating reaffirmed by analysts at Needham & Company.
  • Nokia had its “hold” rating reaffirmed by analysts at Canaccord Genuity.
  • Nokia had its “neutral” rating reaffirmed by analysts at Nomura.
  • Nokia had its “equalweight” rating reaffirmed by analysts at Barclays Capital.
  • Nokia had its “sell” rating reaffirmed by analysts at MKM Partners.

Nokia Co. traded down 1.43% on Wednesday, hitting $2.75. Nokia Co. has a 52-week low of $1.63 and a 52-week high of $7.38. The company’s market cap is $10.205 billion.

Nokia Corporation (Nokia) has three operating segments: Devices & Services; NAVTEQ, and Nokia Siemens Networks.