Extremely important negative changes in investment behavior have recently occurred for Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC): the stock’s recent price decline challenged its longer term uptrend, its longer term price trend turned down, and negative upside/downside volume developed.
Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC). Minimal negative changes in fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
ERIC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Telefonaktiebolaget LM Ericsson has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Telefonaktiebolaget LM Ericsson has a slightly negative Appreciation Score of 37 but a slightly positive Power Rating of 65, with the Neutral Value Trend Rating the result.
Recent Price Action
Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) stock increased 1.4% on 4/8/24. The shares closed at $5.15. This advance was accompanied by normal trading volume. The stock has been strong relative to the market over the last nine months but has declined -6.5% during the last week.
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