Cleveland Research Reports Nokia Network Solutions Loses Shares to Competitors

Cleveland Research reported that

network solutions have lost shares with several European operators as Alcatel gains ground. The analyst commented that Nokia's LTE awards in China are likely to break even or have a slight headwind in profitability. Cleveland Research rates ADR's as Neutral with a $7.29 PT. Bloomberg data reports that the average PT as $6.01 with 3 Buys, 17 Holds, and 1 Sell. Nokia closed at $7.29 on Wednesday.