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Barclays Remains a Sell on Telefonaktiebolaget LM Ericsson Class B (0O87)

Tipranks - Tipranks - Thu Apr 30, 11:56AM CDT

In a report released today, Simon Coles from Barclays maintained a Sell rating on Telefonaktiebolaget LM Ericsson Class B, with a price target of SEK85.00.

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According to TipRanks, Coles is a 4-star analyst with an average return of 5.4% and a 54.42% success rate.

In addition to Barclays, Telefonaktiebolaget LM Ericsson Class B also received a Sell from Bank of America Securities’s Oliver Wong in a report issued on April 13. However, yesterday, Citi maintained a Hold rating on Telefonaktiebolaget LM Ericsson Class B (LSE: 0O87).

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Based on Telefonaktiebolaget LM Ericsson Class B’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of SEK49.33 billion and a net profit of SEK888 million. In comparison, last year the company earned a revenue of SEK55.03 billion and had a net profit of SEK4.15 billion

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