Canaccord Genuity Maintains a 'Hold' on Nokia (NOK); Encouraging T-Mobile Lumia Checks, but Symbian Sales Decline

Canaccord Genuity maintains a 'Hold' on Nokia (NYSE: NOK) price target of $6.00.

Analyst, T. Michael Walkley, said, "Due to our expectations for a sharp decline in Symbian smartphone sales during 2012 combined with our belief it will take until H2/12 for Nokia to ramp its Windows smartphones (Nasdaq: MSFT) in volume, we believe 2012 remains a challenging transitional year. Our 2012 EPS estimates are well below consensus, and we maintain our rating and PT."

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 $5.21 yesterday.

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