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Why Nokia (NOK) Stock Is Lower Today

NEW YORK (TheStreet) -- Shares of Nokia Corp. (NOK - Get Report) are down -1.82% to 7.28 after Microsoft (MSFT) was downgraded to "hold" from "buy" today at Deutsche Bank (DB). The bank is concerned that Microsoft's $7.2 billion device deal with Nokia may be a "net negative" due to a slide in Nokia handset sales, Fox Business News reported.

In a note to clients, Deutsche Bank said Microsoft has its "work cut out for it" to reach Nokia device sales targets.

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NOK Chart

NOK data by YCharts

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NOK $7.02 0.57%
AAPL $110.19 -1.00%
FB $92.17 -0.68%
GOOG $638.29 -1.10%
TSLA $233.04 -3.50%


Chart of I:DJI
DOW 16,862.48 +72.29 0.43%
S&P 500 1,986.33 +6.41 0.32%
NASDAQ 4,758.5070 +10.1460 0.21%

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