Ericsson: positive for 2019, Liberum remains a buyer
(CercleFinance.com) - An analyst at Liberum today says that he is maintaining his "buy" rating on the Ericsson stock, saying that the Swedish group's solid performance in networks is set to continue in 2019 - particularly regarding 5G infrastructures.
"Ericsson sounded upbeat on its outlook into 2019 at various investor meetings at the Mobile World Congress yesterday. The company sees strong 5G-led momentum continuing in the US through this year, while also continuing to gain market share both within and outside the US. The R&D investment in radio seems to be paying off through market-leading advances such as spectrum sharing. In Digital Services there is healthy customer engagement in dual mode 5G core and dynamic orchestration. Based on these trends we continue to forecast 2020 revenues and margins at the high-end of company targets,” Liberum details.
Liberum has therefore set its target price for the share at 90 Swedish kronor.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"Ericsson sounded upbeat on its outlook into 2019 at various investor meetings at the Mobile World Congress yesterday. The company sees strong 5G-led momentum continuing in the US through this year, while also continuing to gain market share both within and outside the US. The R&D investment in radio seems to be paying off through market-leading advances such as spectrum sharing. In Digital Services there is healthy customer engagement in dual mode 5G core and dynamic orchestration. Based on these trends we continue to forecast 2020 revenues and margins at the high-end of company targets,” Liberum details.
Liberum has therefore set its target price for the share at 90 Swedish kronor.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.