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Telefonaktiebolaget LM Ericsson Class B (0O87) Gets a Hold from Kepler Capital

Tipranks - Tipranks - Wed Jan 28, 8:00PM CST

Kepler Capital analyst Sebastien Sztabowicz maintained a Hold rating on Telefonaktiebolaget LM Ericsson Class B on January 26 and set a price target of SEK94.00. The company’s shares closed last Monday at SEK95.12.

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Sztabowicz covers the Technology sector, focusing on stocks such as Infineon Technologies AG, ams-OSRAM, and Soitec SA. According to TipRanks, Sztabowicz has an average return of -5.0% and a 42.82% success rate on recommended stocks.

Currently, the analyst consensus on Telefonaktiebolaget LM Ericsson Class B is a Hold with an average price target of SEK87.67, representing a -7.83% downside. In a report released on January 26, J.P. Morgan also maintained a Hold rating on the stock with a SEK102.00 price target.

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Based on Telefonaktiebolaget LM Ericsson Class B’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of SEK56.24 billion and a net profit of SEK11.15 billion. In comparison, last year the company earned a revenue of SEK61.79 billion and had a net profit of SEK3.81 billion

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