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

TELAB.LM ERIC. sees an upgrade to 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 defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date May 12, 2020, the closing price was SEK 85.20 and its potential was estimated at SEK 94.44.

Pierre FerraguÊ

Virtual and Open RAN momentum accelerating. Implications for the industry and 5G?

New Street Research Analyst: Pierre Ferragu email:

Pierre FerraguÊ

Ericsson: Telecom equipment holding up well

New Street Research Analyst: Pierre Ferragu Email:

Frank Maaø

Ericsson (Buy, TP: SEK102.00) - Flexing gross margin muscle

Even allowing for near-ideal alignment of business mix parameters in Q1, we find Ericsson’s strong gross margin trend an undeniable sign of quality. While we see a somewhat more back-end-loaded year, we believe the company is well positioned in a challenging pandemic environment. We have raised our target price to SEK102 (100) and maintain our BUY.

Peter Kurt Nielsen

Ericsson - Strong and resilient

Q1 results demonstrate great resilience of operations China roll-out will pressure Network’s margins in Q2 Order flow to remain supportive. We stay positive

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.

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...

Pierre FerraguÊ

Virtual and Open RAN momentum accelerating. Implications for the industry and 5G?

New Street Research Analyst: Pierre Ferragu email:

Pierre FerraguÊ

Ericsson: Telecom equipment holding up well

New Street Research Analyst: Pierre Ferragu Email:

Frank Maaø

Ericsson (Buy, TP: SEK102.00) - Flexing gross margin muscle

Even allowing for near-ideal alignment of business mix parameters in Q1, we find Ericsson’s strong gross margin trend an undeniable sign of quality. While we see a somewhat more back-end-loaded year, we believe the company is well positioned in a challenging pandemic environment. We have raised our target price to SEK102 (100) and maintain our BUY.

Peter Kurt Nielsen

Ericsson - Strong and resilient

Q1 results demonstrate great resilience of operations China roll-out will pressure Network’s margins in Q2 Order flow to remain supportive. We stay positive

Stephane Houri

Ericsson : Q1 sales below expectations with improved gross margin. 2020-2022 targets unchanged despite a short term impact – Neutral rating maintained

>Q1 2020 sales below expectations but gross margin better, driven by favourable product mix - Revenues were SEK 49.8 bn, below the Infront Data consensus estimate of SEK 51.6bn, down 2% y-o-y at constant currency (cc). Reported sales increased by 2%. Network sales reached SEK 35.1bn vs SEK 35.7bn for the consensus (flay y-o-y at cc). It decreased by 21% q-o-q due to seasonally lower sales. Digital services posted revenues of SEK 7.3bn (-9% y-o-y at cc), below the cons...

Alain William ...
  • Alfred Glaser
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Jean Danjou
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Sebastien Malafosse
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 04/22/2020

The rise in share prices from the low points raises questions. The arguments in favour, an unprecedented response from states and central banks, the probable reaching of the pandemic peak and the beginning of the lifting of lockdown measures, are known. But a slew of unknown elements (the profits mass post-normalisation, possible epidemic rebound) persist and the macro low point has not yet been reached. A modelling of the time to reach the trough carried out on the last 5 bear marke...

Alain William ...
  • Alfred Glaser
  • Benoit Valleaux
  • Charles Lepetitpas
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Jean Danjou
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Nicolas David
  • Pierre Tegner
  • Roland Pfaender,MBA,CFA,CCRA
  • Sebastien Malafosse
  • Stephane Houri
  • Sven Edelfelt
  • Sylvain Goyon, CFA
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 22/04/2020

La progression des cours depuis les points bas pose question. Les arguments favorables, réponse sans précédent des états et des banques centrales, atteinte probable du pic épidémique et début du déconfinement, sont connus. Mais nombre d’inconnues (masse des profits post normalisation, absence de rebond épidémique) restent entières et le point bas macro n’a pas encore été atteint. Une modélisation du délai d’atteinte du point bas réalisée sur les 5 derniers bear market, qui aboutit à u...

Christoffer Wang Bjørnsen ...
  • Frank Maaø
  • Håkon Astrup
  • Jimi Lehtonen
  • Martin Arnell
  • Ole-Andreas Krohn
  • Patrik Ling
  • Rune Majlund Dahl
  • Stefan Gauffin
  • Viktor Trollsten

Northern Lights

Alfred Glaser ...
  • Anis Zgaya
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Geoffroy Michalet
  • Hana Maalej
  • Jeremy Garnier
  • Louis Boujard, CFA
  • Nicolas Thorez
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF Small & MIDCAP MORNING NEWS - 03/26/2020

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Delphine Brault
  • Jerôme Bodin
  • Johanna Jourdain
  • Louis Boujard, CFA
  • Manuel Martin, CEFA,CREA
  • Philippe Ourpatian
  • Stephane Houri

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 03/26/2020

...

TELAB.LM ERIC. sees an upgrade to 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 defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date May 12, 2020, the closing price was SEK 85.20 and its potential was estimated at SEK 94.44.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Expert Corporate Governance Service (ECGS)

Ericsson - AGM 31 March 2020

In general, Ericsson is in compliance with the Swedish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 10 the nomination committee proposes to increase the remuneration of the board of directors by around 3%. Although the proposed fees are conform to market practice for an international company with the size and complexity of Ericsson, ECGS does NOT approve of the partial payment in synthetic shares. Accordingly, ECGS recommends to vote OPPOSE. Under ITEMS 11.1-11.10, the nomination committee proposes the (re-)election of the board of directo...

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...

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