Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) stock enjoyed a major increase of 13.1% on 10/15/24. The shares closed at $8.53. Moreover, exceptionally high trading volume at 326% of normal accompanied the advance. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 14.8% during the last week.
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 (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Telefonaktiebolaget LM Ericsson has a slightly negative Appreciation Score of 30 but a very high Power Rating of 88, triggering the High Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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