Motorola (NYSE:MOT) November Sales weak, Lost Share to Verizon (NYSE:VZ)

Citing their checks, Canaccord Genuity said it appears Motorola (NYSE:MOT) had weak sales in November while losing share to Verizon (NYSE:VZ).

Canaccord said, "Our checks indicated weaker sales for Motorola during November as we believe Motorola lost share at Verizon (NYSE:VZ) and sales remained weak at T-Mobile and AT&T (NYSE:T). Further, Motorola announced it will officially separate into two public entities on January 4, 2011...Based on our lower smartphone estimates, we are lowering 2011 EPS estimate from $0.55 to $0.51."

They maintain a "Hold" rating on Motorola, which closed Thursday at $7.97, dropping $0.04, or 0.44 percent. Canaccord lowered their price on Motorola from $8.25 to $8.