Ericsson's third-quarter results were in line with expectations, prompting UBS to maintain its 'Sell' rating for the company. The target price of 52 Swedish crowns remains unchanged.
Analyst Francois-Xavier Bouvignies highlighted the strong gross margins of the network equipment manufacturer. Market expectations for Ericsson's operating profit (EBIT) in 2024 and 2025 are projected to increase by 5 to 10 percent.
Despite the current rating, there has been a positive adjustment in market expectations. Ericsson's stock price is currently €7.676, showing a 1.44% decline from the previous day. The stock has experienced price fluctuations ranging from €7.624 to €7.788 across various trading venues.