Extremely important positive changes in investment behavior have recently occurred for 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). Meaningful positive changes in fundamentals have recently occurred: 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 (Low Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Telefonaktiebolaget LM Ericsson has a slightly negative Appreciation Score of 35 and a neutral Power Rating of 60, leading to the Low Neutral Value Trend Rating.
Recent Price Action
Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) stock rose modestly by 1.0% on 6/5/24. The stock closed at $6.32. However, this advance was accompanied by unusually low trading volume at 65% of normal. The stock has performed in line with the market over the last nine months and has risen 5.9% during the last week.
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