Ericsson (ERIC) : The consensus on Ericsson (ERIC) based on 9 analyst recommendation on the company stock is 3.22, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
Ericsson (ERIC) : The highest level Ericsson (ERIC) is projected to reach is $8 for the short term and the lowest estimate is at $6. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $6.7 and the possibility the share price can swing is $1.21.
Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm UBS downgrades its rating on Ericsson (NASDAQ:ERIC). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 21, 2016.
Ericsson (NASDAQ:ERIC): The stock opened at $7.03 and touched an intraday high of $7.09 on Wednesday. During the day, the stock corrected to an intraday low of $7.02, however, the bulls stepped in and pushed the price higher to close in the green at $7.05 with a gain of 0.57% for the day. The total traded volume for the day was 4,185,873. The stock had closed at $7.01 in the previous trading session.
Telefonaktiebolaget LM Ericsson (Ericsson) is a provider of communications technology and services. Ericsson offers services, software and infrastructure for mobility, broadband and the cloud in telecom industry and other sectors. Its two core businesses are Radio, Core and Transmission and Telecom Services. Ericsson operates in four business segments: Networks, Global Services, Support Solutions and Modems. It invests in five targeted areas: Internet protocol (IP) Networks; Cloud; operations and business support systems (OSS) and business support systems (BSS); TV and Media, and Industry and Society. Radio, Core and Transmission, as well as IP Networks and Cloud report into Networks segment and Telecom Services report into Global Services segment. The product and software deliveries of OSS and BSS, TV & Media, report into Support Solutions segment, while services related to these areas report into Global Services segment. Industry and Society reports into Global Services segment.