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
Alexander Aukner ...
  • Frank Maaø
  • Joachim Gunell
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Tomi Railo

Northern Lights

Frank Maaø

Ericsson (Buy, TP: SEK133.00) - Cradlepoint extends upside potential

We have updated our forecasts and valuation to reflect the potential from the Cradlepoint announcement, which transforms Ericsson’s Enterprise 5G capabilities and confirms the company’s operating traction. Our 2021–2022 EPS forecasts remain virtually unchanged, while we have increased our DCF-based target price to SEK133 (130). With 40%+ upside potential, our BUY recommendation is reinforced.

Peter Kurt Nielsen

Ericsson - Strengthens 5G enterprise offering

Ericsson acquires market leader Cradlepoint in US Will dilute operating margin by 1%-point in 2020 and 2022 We consider addition positive and reiterate BUY

ERICSSON B loses on its star level and is downgraded to Slightly Positive

The independent financial analyst theScreener just slightly lowered the general evaluation of ERICSSON B (SE), active in the Telecommunications Equipment industry. The title has lost a star(s) at the fundamental level and now shows 2 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date September 15, 2020, the closing price was SEK 96.48 and its potential was estimated at SEK 113.71.

Frank Maaø

Ericsson (Buy, TP: SEK130.00) - Set to benefit from share-shift

We believe material market-share shifts away from Chinese vendors are inevitable and that a rush to secure supply capacity, building overlays and network swaps are likely. Ericsson is in a pole position to benefit from this, as per our analysis. Also benefiting from structural, cyclical and geographical gross-margin headwinds, the SEK reversal is the only offsetting factor in our view. We have increased our target price to SEK130 (125), reiterating our BUY.

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 r...

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...

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.

Telefonaktiebolaget L M Ericsson: 1 director sold

A director at Telefonaktiebolaget L M Ericsson sold 20,000 shares at 104.450SEK and the significance rating of the trade was 63/100. 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. ...

Frank Maaø

Ericsson (Buy, TP: SEK133.00) - Cradlepoint extends upside potential

We have updated our forecasts and valuation to reflect the potential from the Cradlepoint announcement, which transforms Ericsson’s Enterprise 5G capabilities and confirms the company’s operating traction. Our 2021–2022 EPS forecasts remain virtually unchanged, while we have increased our DCF-based target price to SEK133 (130). With 40%+ upside potential, our BUY recommendation is reinforced.

Peter Kurt Nielsen

Ericsson - Strengthens 5G enterprise offering

Ericsson acquires market leader Cradlepoint in US Will dilute operating margin by 1%-point in 2020 and 2022 We consider addition positive and reiterate BUY

Frank Maaø

Ericsson (Buy, TP: SEK130.00) - Set to benefit from share-shift

We believe material market-share shifts away from Chinese vendors are inevitable and that a rush to secure supply capacity, building overlays and network swaps are likely. Ericsson is in a pole position to benefit from this, as per our analysis. Also benefiting from structural, cyclical and geographical gross-margin headwinds, the SEK reversal is the only offsetting factor in our view. We have increased our target price to SEK130 (125), reiterating our BUY.

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Bullish Outlook Intact Overall we remain bullish and we continue to believe the path of least resistance is higher for global equities (MSCI ACWI). The price uptrend is fairly steep for ACWI-US, so while this means it could correct 5-10% on a breakdown, such a pullback would likely be a buying opportunity. Furthermore, there is little that suggests a correction is imminent; we recommend riding the trend higher. · Index Overviews. The MSCI ACWI index (USD) is breaking out to all-time highs while the MSCI EM index (local) is breaking above its prior highs from January. This is bullish...

Peter Kurt Nielsen

Ericsson - ESG profile

The aim of Ericsson’s sustainability work is to understand and proactively manage environmental, social and economic risks, opportunities and impacts within each segment and market area. In late 2019, Ericsson entered a settlement with the US DoJ and SEC related to the conclusion of investigations into the company’s compliance with the US FCPA. As part of the settlement, Ericsson has agreed to engage an independent compliance monitor for a period of three years (while the company continues to undertake significant reforms to strengthen its Ethics and Compliance program). ESG profile

Alexander Aukner ...
  • Frank Maaø
  • Joachim Gunell
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Tomi Railo

Northern Lights

Frank Maaø ...
  • Ole-Andreas Krohn

Northern Lights

Frank Maaø ...
  • Martin Arnell
  • Martin Huseby Karlsen
  • Mattias Holmberg
  • Ole-Andreas Krohn
  • Viktor Trollsten

Northern Lights

Bruno Cavalier ...
  • Jerôme Bodin
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/20/2020

Discussing a return of inflation may seem irrelevant at a time when there is so much downward pressure on prices (unemployment, raw materials). Inflation swaps are nonetheless picking up. Perhaps this is due to the effects of several long-term trends (ageing of the population, de-globalisation, etc.) combined with base effects on raw materials. While this return is likely to be gradual, it will imply an adjustment of portfolios. Value (banks) and commodities (mining) should benefit, e...

Bruno Cavalier ...
  • Jerôme Bodin
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 20/07/2020

Parler d’un retour de l’inflation peut sembler hors sujet tant les pressions baissières sur les prix sont nombreuses (chômage, matières premières). Pourtant les swaps d’inflation se redressent. Il faut peut-être y voir les effets de plusieurs tendances de long terme (vieillissement de la population, dé-globalisation,..) conjuguées à des effets de base sur les matières premières. Si ce retour sera probablement graduel, il va impliquer une adaptation des portefeuilles. La value (banques...

ERICSSON B loses on its star level and is downgraded to Slightly Positive

The independent financial analyst theScreener just slightly lowered the general evaluation of ERICSSON B (SE), active in the Telecommunications Equipment industry. The title has lost a star(s) at the fundamental level and now shows 2 out of 4 stars. Its exposure to market risk remains nonetheless the same and can be still described as defensive. theScreener slightly downgrades the general evaluation to Slightly Positive for the title on account of the lost star(s). As of the analysis date September 15, 2020, the closing price was SEK 96.48 and its potential was estimated at SEK 113.71.

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 we...

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...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch