Cleveland Research Reports Nokia Network Solutions Loses Shares to Competitors

Cleveland Research reported that

(NYSE:

) 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.