Nokia Downgraded to 'Hold' by Wall Street Zen Following Recent Rally

Wall Street Zen downgraded Nokia from "buy" to "hold." The downgrade follows a significant share rally. Jim Cramer’s positive comments amplified the stock's gains. Nokia recently reported strong first-quarter results and raised guidance. MarketBeat maintains a consensus "Moderate Buy" rating.

Nokia sold its Fixed Wireless Access (FWA) CPE business to Inseego. Nokia receives an equity stake in Inseego from the transaction. The sale focuses Nokia on core network infrastructure. Immediate cash proceeds from the deal are modest. The downgrade reflects caution following the stock's recent run-up.