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Ericsson: BarCap maintains 'equal weight' rating.

(CercleFinance.com) - Barclays Capital is sticking to its "equal wight" rating on Ericsson, after the Swedish telecoms gear maker posted quarterly results that are in line with recently reduced expectations.

BarCap says that the company managed to weather the headwinds of FX, increased amortisation,and the continued material underperformance of IT & cloud by better profitability in the core networks unit.

However, the broker views the Ericsson share valuation as "full."

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