DNB Markets started coverage on shares of Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) in a research report released on Monday morning, Stock Ratings Network reports. The firm issued a buy rating on the stock.
Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) traded down 1.22% on Monday, hitting $12.11. Telefonaktiebolaget LM Ericsson has a 52-week low of $8.31 and a 52-week high of $13.46. The stock’s 50-day moving average is currently $11.68. The company’s market cap is $39.028 billion.
A number of other analysts have also recently weighed in on ERIC. Analysts at Zacks upgraded shares of Telefonaktiebolaget LM Ericsson from a neutral rating to an outperform rating in a research note to investors on Monday, July 8th. They now have a $14.00 price target on the stock. Separately, analysts at Santander downgraded shares of Telefonaktiebolaget LM Ericsson from a buy rating to a hold rating in a research note to investors on Thursday, May 30th.
One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Telefonaktiebolaget LM Ericsson presently has an average rating of Hold and an average price target of $12.20.
Telefonaktiebolaget LM Ericsson is a Sweden-based communications technology company. The Company is engaged in the provision of communications infrastructure, services and multimedia solutions.