Recent extremely meaningful positive changes in investment behavior have benefitted Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) has recently enjoyed important positive changes in fundamentals: the consensus estimate for December, 2025 increased significantly, and the consensus estimate for December, 2024 increased significantly.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ERIC is expected to continue to be a major Value Builder.
Telefonaktiebolaget LM Ericsson has a current Value Trend Rating of C (Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Telefonaktiebolaget LM Ericsson has a neutral Appreciation Score of 40 and a neutral Power Rating of 56, triggering the Neutral Value Trend Rating.
Recent Price Action
Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) stock closed at $5.66 on 5/14/24 after a very large increase of 5.6%. Moreover, this advance was accompanied by unusually high trading volume at 189% of normal. The stock has risen 7.6% during the last week and has performed in line with the market over the last nine months.
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