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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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.
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."
Copyright (c) 2017 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.