Motorola (MOT) Receives Rating Downgrade

Motorola (NYSE: MOT) has received a rating downgrade from First Global. First Global has given ‘Market Perform’ rating to the stock. According to Barron’s, the report stated that the company’s total-unit shipment is expected to decline on account of intense competition and seasonality.

Its sale of mobile devices is also likely to suffer due to a scaled-down product portfolio. The launch of new handheld devices by Motorola is likely to drive its operating expenses up. Motorola is also losing market share in the mobile-handset segment.