Stockholm, June 2, 2026, 13:04 CEST
Ericsson’s B shares in Stockholm climbed again Tuesday as a credit-rating lift and news of a new buyback sent the Swedish telecom equipment stock near its 52-week high.
The stock was last seen at SEK 125.20, up 2.04%, at 1:03 p.m. local time in Stockholm. Shares were trading close to the 52-week high of SEK 127.45. Intraday volume reached 1.56 million shares, Google Finance data showed, well below the average volume of 9.48 million. Google
Ericsson’s cash-return case has a new boost from the debt market after Moody’s lifted the company’s long-term credit rating to Baa3 from Ba1, with the outlook now stable. That’s according to MarketScreener, which cited Finwire. Baa3 is the lowest investment-grade mark at Moody’s, a level that tends to mean better borrowing terms than below-investment-grade issuers get. MarketScreener
Ericsson said it repurchased 585,379 Class B shares during May 25-29, paying a weighted average of SEK 122.0988 per share. Total spend was SEK 71.47 million. The company reminded that buybacks can shrink the float and back up per-share earnings if profits stay steady. Ericsson
Ericsson’s latest purchases come under a SEK 15 billion buyback plan unveiled in April and set to continue until at least March 31, 2027. The company said it now holds 48.35 million Class B shares in treasury after the transactions. Ericsson
OMXS30, the main Stockholm benchmark, climbed 1.38% to 3,137.23 on Tuesday. Nasdaq numbers pointed to gains across the board for the blue-chip index of the 30 largest and most traded stocks. Nasdaq Global Index Watch
Ericsson beat the OMXS30 on Monday, climbing just over 2% as the index dropped 1.4% and the OMXSPI fell 1.6%, according to TT via Omni. The move followed news on its buyback and a Moody’s ratings update. Omni
Nasdaq Stockholm was open for regular trading at the time. The main-market hours for Stockholm equities on Nasdaq run from 09:00 to 17:30 local time. Nasdaq
Ericsson’s upgrade taps into a familiar investor worry about whether the turnaround is just about slashing costs. Moody’s pointed to stronger operations, higher profits, and steady free cash flow, expecting an adjusted operating margin of about 13% in 2025 from 8% last year, MarketScreener said. MarketScreener
Ericsson and Nokia are still the two big Western telecom network equipment suppliers, both competing for operator spending after slow 5G investment. Reuters said in January that Ericsson kept heavy restructuring going to deal with weak 5G demand and had responded fast to U.S. import tariffs. Reuters
Ericsson CFO Lars Sandström told Reuters in January it was still “a bit early to say” how much market share could shift if the EU moves ahead with plans to phase out high-risk suppliers. “If that comes into place, then of course we are ready to take that opportunity,” he said. Reuters
The stock’s run means it could stumble on any earnings miss. Moody’s flagged 2026 risks too, with restructuring bills, pricier semiconductors and currency headwinds, MarketScreener reported. Another lull in telecom operators’ spending or a stronger Swedish crown dragging on reported sales, and even a buyback might not hold shares at their latest highs. MarketScreener
