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Analyst Rating: Will Telefonaktiebolaget LM Ericsson ADR Class B (ERIC) Stock Lead the Market?

Wednesday, June 08, 2022 03:08 PM | InvestorsObserver Analysts

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Analyst Rating: Will Telefonaktiebolaget LM Ericsson ADR Class B (ERIC) Stock Lead the Market?

Analysts who follow Telefonaktiebolaget LM Ericsson ADR Class B (ERIC) on average expect it to rise 56.21% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns ERIC an Analyst Ranking of 17, which means it ranks higher than 17 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.5
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!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional 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 $8.21 as of 3:00 PM on Wednesday, Jun 8, a decline of -$0.10, or -1.2% from the previous closing price of $8.31. The stock has traded between $8.19 and $8.32 so far today. Volume today is light. So far 3,798,284 shares have traded compared to average volume of 7,307,466 shares. Click Here to get the full Stock Report for Telefonaktiebolaget LM Ericsson ADR Class B stock.

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