Ericsson : No sign of a recovery in the short term
>Underperform rating maintained, target price lowered to SEK 42 vs SEK 45 - Following Ericsson’s Q3 2023 earnings release, we have lowered our EPS estimates by 20% on average for 2023 and 2024 and reduced our target price to SEK 42 vs SEK 45. The recovery is set to take longer than expected, for both growth and profitability. There is no visible sign of a recovery at this stage. As we had envisaged previously, the group is now looking to achieve its long-term EBITA ma...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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