BMO Capital Maintains Their Hold Rating on Ericsson (ERIC)


BMO Capital analyst Tim Long maintained a Hold rating on Ericsson (NASDAQ: ERIC) today. The company’s shares opened today at $9.08, close to its 52-week high of $9.35.

According to TipRanks.com, Long is a 5-star analyst with an average return of 20.4% and a 68.5% success rate. Long covers the Consumer Goods sector, focusing on stocks such as Comtech Telecommunications, Hewlett Packard Enterprise, and Motorola Solutions.

The word on The Street in general, suggests a Hold analyst consensus rating for Ericsson with a $9.22 average price target, a 1.5% upside from current levels. In a report released today, Canaccord Genuity also maintained a Hold rating on the stock with a $10 price target.

.

See today’s analyst top recommended stocks >>

Based on Ericsson’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $217 million. In comparison, last year the company had a GAAP net loss of $552 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Telefonaktiebolaget LM Ericsson 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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts