ODDO : 2021 set to be a year of major divergence, our preference now goes to Ericsson vs Nokia
>Ericsson Outperform (vs Neutral), Nokia Neutral (vs Underperform) - Following the publication of Ericsson's Q4 2020 results, that came in well above forecasts, we have upgraded our recommendation to Outperform vs Neutral. We have also raised our target price to SEK 120 (vs SEK 102) following the upward revision to forecasts (4%), the rolling over of our DCF and the updating of the risk premium. Moreover, we have downgraded Nokia to Neutral vs Underperform with a targ...Nokia is an Internet and communications technology company based in Finland. Co.'s operations are focused on three businesses: network infrastructure software, hardware and services, which Co. offers through Networks; location intelligence, which Co. provides through HERE; and advanced technology development and licensing, which Co. pursues through Technologies. Co. maintains a global presence with operations and Researh & Development facilities located in Europe, North America and Asia, and sales in approximately 130 countries. Co. has an installed base of around 600 customers worldwide and these operators serve over 4 billion subscribers.
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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