BMO Capital Gives a Hold Rating to Ericsson


BMO Capital analyst Tim Long assigned a Hold rating to Ericsson (NASDAQ: ERIC) yesterday and set a price target of $8. The company’s shares opened today at $7.69, close to its 52-week high of $8.05.

According to TipRanks.com, Long is a 5-star analyst with an average return of 20.9% and a 68.1% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Motorola Solutions.

Ericsson has an analyst consensus of Hold, with a price target consensus of $7.75.

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The company has a one-year high of $8.05 and a one-year low of $5.52. Currently, Ericsson has an average volume of 6.18M.

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LM Ericsson Telefon AB engages in the provision of telecommunications equipment and related services to mobile and fixed network operators. It operates through the following segments: Networks, Digital Services, Managed Services, and Other.

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