What is Wall Street's Target Price for Telefonaktiebolaget LM Ericsson ADR Class B (ERIC) Stock Monday?

Monday, January 30, 2023 11:57 AM | InvestorsObserver Analysts

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Wall Street is positive on Telefonaktiebolaget LM Ericsson ADR Class B (ERIC). On average, analysts give the stock a Buy rating. The average price target is $6.864, which means analysts expect the stock to gain by 18.55% over the next twelve months. That average ranking earns the stock an Analyst Rating of 19, which is better than 19% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating ERIC a Buy today. Find out what this means to you and get the rest of the rankings on ERIC!
See Full ERIC Report

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported. InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What's Happening With Telefonaktiebolaget LM Ericsson ADR Class B Stock Today?

Telefonaktiebolaget LM Ericsson ADR Class B (ERIC) stock is trading at $5.79 as of 11:49 AM on Monday, Jan 30, a decline of -$0.04, or -0.6% from the previous closing price of $5.82. The stock has traded between $5.76 and $5.80 so far today. Volume today is light. So far 3,489,033 shares have traded compared to average volume of 11,555,631 shares. Click Here to get the full Stock Report for Telefonaktiebolaget LM Ericsson ADR Class B stock.

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