L.M. Ericsson Telephone Co. B

Ericsson provides communications technology and services. Co.'s services, software and infrastructure – especially in mobility, broadband and the cloud – enable the telecom industry and other sectors to do business, increase efficiency, improve the user experience and capture new opportunities. Co. has more than 110,000 professionals and customers in more than 180 countries. Co. provides support for networks with more than 2.5 billion subscribers. Co.'s core business areas are called Radio, Core and Transmission and Telecom Services. Co. divides its operations into three business segments: Networks, Global Services and Support Solutions.
  • TickerERIC B
  • ISINSE0000108656
  • ExchangeNasdaq Nordic Stockholm
  • SectorTechnology Hardware & Equipment
  • CountrySweden

Analysts

Alexander Aukner ...
  • Frank Maaø
  • Jesper Ingildsen
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Mortensen

Northern Lights

Frank Maaø

Ericsson (Buy, TP: SEK106.00) - Vodafone rattling oRAN sabres

Vodafone rattling oRAN sabres We see the UK-based operator’s threat to base its overall Europe-wide 5G roll-out on paradigm-shifting OpenRAN specifications as a warning shot to gear suppliers more than an imminent threat to margins. We reiterate our BUY and SEK106 target price.

1 director sold

A director at Telefonaktiebolaget L M Ericsson sold 4,495 shares at 88.520SEK and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. T...

Alfred Glaser ...
  • Aurelien Sivignon
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 10/18/2019

...

Stephane Houri

Ericsson : Fine earnings - Is 5G capex taking off faster than expected? We prefer Nokia to Ericsson

>Q3 2019 results clearly better than expected - Ericsson posted better-than-expected Q3 2019 results, helped by a positive FX effect and solid 5G capex in the US and South Korea. Revenues came in at SEK 57.1bn, up 3% on cc, 1.7% better than the consensus (slower than the +7% achieved in Q2 and 7% also in Q1). The adjusted gross margin came to 37.8%, 70bp ahead of the consensus of 37.1% and the operating margin to 11.4%, better than 7% in Q2 and well ahead of expectati...

Frank Maaø

Ericsson (Buy, TP: SEK106.00) - Vodafone rattling oRAN sabres

Vodafone rattling oRAN sabres We see the UK-based operator’s threat to base its overall Europe-wide 5G roll-out on paradigm-shifting OpenRAN specifications as a warning shot to gear suppliers more than an imminent threat to margins. We reiterate our BUY and SEK106 target price.

Stephane Houri

Ericsson : Fine earnings - Is 5G capex taking off faster than expected? We prefer Nokia to Ericsson

>Q3 2019 results clearly better than expected - Ericsson posted better-than-expected Q3 2019 results, helped by a positive FX effect and solid 5G capex in the US and South Korea. Revenues came in at SEK 57.1bn, up 3% on cc, 1.7% better than the consensus (slower than the +7% achieved in Q2 and 7% also in Q1). The adjusted gross margin came to 37.8%, 70bp ahead of the consensus of 37.1% and the operating margin to 11.4%, better than 7% in Q2 and well ahead of expectati...

Frank Maaø

Ericsson (Buy, TP: SEK106.00) - Investment cycle gaining traction

Ericsson’s consensus-beating Q3 performance was combined with prudent expectations management. Still, signals of confidence and a 5G investment cycle that is gaining momentum has led us to raise forecasts slightly and increase our target price to SEK106 (100), reiterating our BUY.

Stephane Houri

Ericsson : Belle publication - Les investissements 5G démarrent plus vite que prévu ? Nous préférons Nokia vs Ericsson

>Des résultats T3 19 clairement au-dessus des attentes - Ericsson a publié des résultats T3 2019 au-dessus des attentes, aidé par un impact changes positif et des investissements 5G solides aux Etats-Unis et en Corée. Le CA est ressorti à 57,1 MdSEK, en croissance à cc de 3%, 1,7% au-dessus du consensus (en ralentissement par rapport à +7% au T2 et 7% également au T1). La marge brute ajustée s’est établie à 37,8%, 70 pb au-dessus du consensus de 37,1% et la marge opér...

1 director sold

A director at Telefonaktiebolaget L M Ericsson sold 4,495 shares at 88.520SEK and the significance rating of the trade was 55/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. T...

Alexander Aukner ...
  • Frank Maaø
  • Jesper Ingildsen
  • Nicolay Dyvik
  • Ole-Andreas Krohn
  • Patrik Ling
  • Simen Mortensen

Northern Lights

Alfred Glaser ...
  • Aurelien Sivignon
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 10/18/2019

...

Alfred Glaser ...
  • Aurelien Sivignon
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • Geoffroy Michalet
  • Hela Zarrouk
  • Jean-François Granjon
  • Jeremy Garnier
  • Johanna Jourdain
  • Laurence Hofmann
  • Martial Descoutures
  • Nicolas Thorez
  • Oussema Denguir
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 18/10/2019

...

Alfred Glaser ...
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Emmanuel Matot
  • Florent Laroche-Joubert
  • Hana Maalej
  • Nicolas Thorez
  • Roland Pfaender,MBA,CFA,CCRA
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 17/10/2019

...

Alexander Aukner ...
  • Christoffer Wang Bjørnsen
  • Eivind Sars Veddeng
  • Frank Maaø
  • Karl-Johan Bonnevier
  • Ole-Andreas Krohn
  • Paul Harper
  • Rune Majlund Dahl
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

TELAB.LM ERIC. sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of TELAB.LM ERIC. (SE), a company active in the Telecommunications Equipment industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date October 11, 2019, the closing price was SEK 82.72 and its potential was estimated at SEK 90.72.

Expert Corporate Governance Service (ECGS)

Ericsson, March 27 2019

In general, Ericsson is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 8.2, discharge of the board of directors & CEO is sought. ECGS notes that the Company's CEO (Mr. Börje Ekholm) and CFO (Mr. Carl Mellander) became defendants in a US lawsuit alleging violations of US securities laws. As long as the results of this investigation are unclear, ECGS is unwilling to grant discharge.  Accordingly, ECGS recommends to vote OPPOSE. Under ITEM 10, the nomination committee seeks approval of the remuneration of the  boa...

Ericsson – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Dave Nicoski ...
  • Ross LaDuke

Int'l Insights: Developed Markets Leadership Chart Book

Europe in focus The U.S. dollar continues to grind marginally higher, and EM equities have suffered as a result. Meanwhile, RS for the MSCI EAFE index is bottoming when compared to the MSCI EM index, largely due to outperformance in Europe. With developed int'l markets beginning to outperform emerging markets, we recommend adding exposure to the developed int'l space. Below we highlight attractive and actionable themes within developed int'l: • Europe & Japan: Though this is an all-encompassing bottoms-up chart book for developed ex-U.S., make no mistake, the vast majority of today's buy rec...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Add exposure to Technology, Communications We view weakness over the past week as correcting a significant amount of the excess optimism that was baked-in to global equities. As a result, we recommend taking advantage of the pullback by adding exposure to our favorite areas - namely Technology. Our overall outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains positive and we continue to expect higher equity prices going forward. • Index overviews: MSCI ACWI ex-US, MSCI EM, STOXX Europe 50, and the TOPIX indexes are analyzed from both a price and RS perspective... see page 2...

Jérôme VINERIER

Analyse court terme - ERICSSON (Stockholm) : La tendance de fond est clairement orientée à la hausse.

La tendance de fond est clairement orientée à la hausse. Le MACD est positif, il confirme cette tendance. Le mouvement peut se poursuivre. Les objectifs suivants sont à 88,50 SEK et 95,10 SEK. La tendance serait invalidée sous le support à 68,60 SEK.

Jérôme VINERIER

Short term view - ERICSSON (Stockholm) : The background trend is clearly bullish.

The background trend is clearly bullish. The MACD is positive, it confirms that trend. The movement can go on. The following targets are at SEK 88.50 and SEK 95.10. The trend would be invalidated below the support at SEK 68.60.

Jérôme VINERIER

Analyse court terme - ERICSSON (Stockholm) : Le mouvement peut se poursuivre.

La tendance de fond est clairement orientée à la hausse. Le MACD est positif, il confirme cette tendance. Le mouvement peut se poursuivre. Les objectifs suivants sont à 88,50 SEK et 95,10 SEK. La tendance serait invalidée sous le support à 68,60 SEK.

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