Ericsson: Liberum still a buyer after results
(CercleFinance.com) - Liberum reinstates its "buy" rating on the Ericsson share, along with its target price of 101 Swedish kronor, in the wake of the telecom equipment group's quarterly results, which came with optimistic comments from management for the outlook of its network division.
"North American spending is expected to remain elevated in 2020, with further support from South Korea, Japan and China," the broker reports, which also judges "Of greater importance in our opinion was the sharp improvement in sales and profitability of Digital Services".
Also noting management's confidence in its 2020 and 2022 margin targets, Liberum has raised its expectations for Ericsson and still views it as "an attractive way to invest in the on-going 5G cycle".
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.
"North American spending is expected to remain elevated in 2020, with further support from South Korea, Japan and China," the broker reports, which also judges "Of greater importance in our opinion was the sharp improvement in sales and profitability of Digital Services".
Also noting management's confidence in its 2020 and 2022 margin targets, Liberum has raised its expectations for Ericsson and still views it as "an attractive way to invest in the on-going 5G cycle".
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.