ODDO : Following Nokia and Ericsson’s Q3 22 releases, we are taking a more cautious stance on the industry overall …
>We have downgraded Ericsson to Underperform (vs Outperform) and we maintain our Neutral rating on Nokia - The disappointing numbers from Nokia and Ericsson yesterday prompt us to take a more cautious stance on the telecoms equipment sector as a whole. To reflect this, and given this less favourable context, we have switched our hierarchy between the two equipment makers. We have therefore downgraded Ericsson to Underperform vs Outperform, with a much lower target pri...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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