Telefonaktiebolaget LM Ericsson Class B (0O87): New Sell Recommendation for This Technology Giant

In a report released on October 15, Sebastien Sztabowicz from Kepler Capital maintained a Sell rating on Telefonaktiebolaget LM Ericsson Class B (0O87 – Research Report), with a price target of SEK72.00. The company’s shares closed yesterday at SEK87.42.

Sztabowicz covers the Technology sector, focusing on stocks such as Infineon Technologies AG, Adyen, and ams-OSRAM. According to TipRanks, Sztabowicz has an average return of -6.3% and a 41.21% success rate on recommended stocks.

Telefonaktiebolaget LM Ericsson Class B has an analyst consensus of Moderate Sell, with a price target consensus of SEK62.64, representing a -28.34% downside. In a report released on October 15, Goldman Sachs also maintained a Sell rating on the stock with a SEK40.00 price target.

The company has a one-year high of SEK89.02 and a one-year low of SEK48.54. Currently, Telefonaktiebolaget LM Ericsson Class B has an average volume of 5.02M.

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Telefonaktiebolaget LM Ericsson Class B (0O87) Company Description:

Ericsson is leading supplier within the telecommunications equipment sector. The company’s three major operating segments are networks, digital services, and managed services. Ericsson sells hardware, software, and services primarily to communication service providers while licensing patents to handset manufacturers. The Stockholm, Sweden-based company derives sales worldwide and had 95,000 employees as of June.