Ericsson : Continuing margin improvement, but visibility on the market recovery remains limited outside the US
>Underperform rating maintained but target price raised to SEK 70 vs SEK 55 - Following the Q3 2024 results publication, we maintain our Underperform rating but lift our estimates by 6% on average for 2024 and 2025, as well as our target price to SEK 70 vs SEK 55. Although this quarter was more favourable for Ericsson thanks to the positive impact of the O-RAN contract with AT&T in the US, the outlook of an upturn on the telecom investment market broadly remains unce...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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