Exane BNP Paribas Downgrades Nokia (NOK) to Underperform

September 19, 2018 5:46 AM EDT
Get Alerts NOK Hot Sheet
Price: $5.05 +1.00%

Rating Summary:
    23 Buy, 15 Hold, 6 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 2 | Down: 23 | New: 24
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Exane BNP Paribas downgraded Nokia (NYSE: NOK) from Neutral to Underperform.

The analyst comments "New group EBITe 14/20% below 2018-20 consensus. We believe a miss of the 6/9% 2018 Networks margin guidance is likely. Q3 on 25-Oct....We prefer Ericsson (+) given its self-help, share gains, pure play wireless, cautious consensus."

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 $5.47 yesterday.

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