Where Does Wall Street Think Telefonaktiebolaget LM Ericsson ADR Class B (ERIC) Stock Will Go?

InvestorsObserver is giving Telefonaktiebolaget LM Ericsson ADR Class B (ERIC) an Analyst Rating Rank of 17, meaning ERIC is ranked higher by analysts than 17% of stocks. The average price target for ERIC is $12.825 and analyst’s rate the stock as a Buy.

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!

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Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

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

Telefonaktiebolaget LM Ericsson ADR Class B (ERIC) stock is up 0.72% while the S&P 500 is lower by -0.1% as of 12:16 PM on Wednesday, Jun 22. ERIC has gained $0.05 from the previous closing price of $7.65 on volume of 5,535,487 shares. Over the past year the S&P 500 has fallen -11.43% while ERIC is lower by -39.91%. ERIC earned $0.67 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 11.54. Click Here to get the full Stock Report for Telefonaktiebolaget LM Ericsson ADR Class B stock.