Goldman Sachs raised its rating to buy Ericsson and Alcatel-Lucent

Goldman Sachs raised its rating to buy Ericsson and Alcatel-Lucent


Sina Finance YORK, October 23 night, Goldman Sachs Group announced that the Swedish group Ericsson mobile devices rating on the stock from "Neutral" to "buy." Goldman Sachs noted that Ericsson may continue to gain more market share, largely thanks to its sales from emerging markets, Qi Cheng. Goldman Sachs also said that Ericsson's strong competitive advantage in the professional services business will help the company's performance in an attractive profit margin based on the strong growth, while reducing the volatility of profits, while the cost reduction on the basis of the high operating leverage should be promote the margin back to 15% in the vicinity.

This well-known investment bank also announced the Alcatel - Lucent's stock rating from "Neutral" to "buy" on the grounds that the value of its shares are still attractive. Commenting on the prospects for the telecommunications equipment manufacturing industry as a whole when Goldman reported third-quarter's weak performance means the global telecommunications capital spending cycle has bottomed out.