Jefferies Remains a Hold on Telefonaktiebolaget LM Ericsson Class B (0O87)

In a report released yesterday, Janardan Menon from Jefferies maintained a Hold rating on Telefonaktiebolaget LM Ericsson Class B, with a price target of SEK94.00. The company’s shares closed yesterday at SEK91.95.

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Menon covers the Technology sector, focusing on stocks such as ams-OSRAM, AIXTRON, and Suss Microtec. According to TipRanks, Menon has an average return of 4.1% and a 53.79% success rate on recommended stocks.

Telefonaktiebolaget LM Ericsson Class B has an analyst consensus of Hold, with a price target consensus of SEK81.66, which is a -11.19% downside from current levels. In a report released on October 14, Kepler Capital also maintained a Hold rating on the stock with a SEK80.00 price target.

0O87 market cap is currently SEK305.1B and has a P/E ratio of 12.44.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0O87 in relation to earlier this year.