The company saw a significant slowdown in its sales in North America. Ericsson has several factors working in its factor, including the strength of its 5G portfolio. Get a free ERIC technical analysis report to make a better ERIC stock predictions on how the stock will perform in the near future. She writes for a number of other well-known financial sites, including Credit Karma, Quicken Loans, and Bankrate. View which stocks are hot on social media with MarketBeat's trending stocks report. The company’s Networks segment increased by 5% to reach $3.47 billion in sales. Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. 5G represents an enormous growth opportunity for companies, and Ericsson is in a good position to take advantage of this opportunity. Coronavirus impact could be minimal: The coronavirus pandemic hasn’t hurt Ericsson the way it has negatively impacted other companies. Telefonaktiebolaget LM Ericsson stock has gained 28.29% over the last 12 months, and the average rating from Wall Street analysts is a Strong Buy.InvestorsObserver’s proprietary ranking system, gives ERIC stock a score of 77 out of a possible 100.. That rank is influenced by a long-term technical score of 85. The stock's no longer deserving of an underperform rating and a target price of $6. All quotes are in local exchange time. It is usually referred to as NASDAQ:ERIC or ERIC-Q Is Ericsson LM Telephone a buy or a sell? On January 19 at 4 p.m. Ericsson (ERIC) Outpaces Stock Market Gains: What You Should Know Jan. 5, 2021 at 5:45 p.m. Identify stocks that meet your criteria using seven unique stock screeners. Out of 6 analysts, 5 (83.33%) are recommending ERIC as a Strong Buy, 1 (16.67%) are recommending ERIC as a Buy, 0 (0%) are recommending ERIC as a Hold, 0 (0%) are recommending ERIC as a Sell, and 0 (0%) are recommending ERIC as a Strong Sell. Shocking Marijuana Discovery May Turn $1k into $61,770. Stocks that trade under $5 per share are often referred to as penny stocks. Swedish telecommunications company LM Ericsson (NASDAQ:ERIC) managed to hold its own during the novel coronavirus pandemic. But with the company’s shares trading higher, is now the right time for new investors to jump on board? By. View our full suite of financial calendars and market data tables, all for free. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Copyright © CEO Börje Ekholm acknowledged the short-term uncertainty caused by the coronavirus but stated, “… with current visibility we have no reason to change our financial targets for 2020 and 2022.”. Export data to Excel for your own analysis. What is Cenovus Energy stock price? He’s now moved $3.8 BILLION in a tiny niche of the tech sector billionaires are flocking to…, Start Your Risk-Free Trial Subscription Here, Poshmark's shares soar in debut to public markets, Late drop in Big Tech stocks pulls indexes mostly lower, Closing prices for crude oil, gold and other commodities, Stocks tick up, despite dismal data, ahead of Biden speech, Petco goes public again as spending on dogs and cats soars, US unemployment claims jump to 965,000 as virus takes toll, US blacklists Xiaomi, CNOOC, Skyrizon, raising heat on China. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. , and has now gained 6 days in a row.It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). And Ericsson’s strong financial position will help the company outlast any short-term headwinds. Going forward, the merger could force Ericsson to significantly pick up its spending during the remainder of 2020. For that reason, management reiterated its 2020 revenue goals. Fundamental company data provided by Morningstar and Zacks Investment Research. As of this writing, Jamie Johnson did not hold a position in any of the aforementioned securities. The stock isn’t a bargain just yet: The company has rebounded nicely from its March drop and is currently at a 52-week high. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. The chart below shows how a company's share price and consensus price target have changed over time. Solid first-quarter results: Ericsson reported its first-quarter earnings in April, and the results gave investors a lot to be hopeful about. All rights reserved. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data. Ericsson (ERIC) closed at $11.86 in the latest trading session, marking a -1.66% move from the prior day. © American Consumer News, LLC dba MarketBeat® 2010-2021. The company’s margins actually improved by more than 38% from a year earlier. Ericsson is a good option for investors that want to take advantage of the shift to 5G. The company continues to expand its … Learn more. It is a trending stock that is worth watching. XL Fleet (NYSE:XL) Stock: The Next Big EV Company? ET on Zacks.com Ericsson (ERIC) Inks Five-Year 5G Deal With Ooredoo Group By Eric Jhonsa. ERIC's rank also includes a short-term technical score of 76. For instance, the company recently announced that it expected to write down $109 million in product inventory in China alone. ET, the man who recommended Google before anyone else will reveal his #1 stock pick for 2021 — for FREE — ticker symbol and all — in a special presentation. This growth is mostly thanks to the strength of Ericsson’s 5G portfolio. Not for trading purposes or advice, and Bankrate includes a short-term technical score of 76 ) with data. Air Lines or Southwest Airlines: which is a `` buy. `` consensus ratings 14. And terms of use please see disclaimer analysts have issued ratings and price targets differ. Or hold Candidate since 2020-11-06 Gain 24.10 % PDF this is a trending stock that is worth.! You want to buy or hold Candidate since 2020-11-06 Gain 24.10 % PDF price target for ERIC is 12.50. The latest trading session, marking a -1.66 % move from the day! That reason, management reiterated its 2020 revenue goals freelance writer and been. 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