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

Tipranks - Tipranks - Thu Mar 5, 7:50PM CST

In a report released on March 3, Sebastien Sztabowicz from Kepler Capital maintained a Hold rating on Telefonaktiebolaget LM Ericsson Class B, with a price target of SEK94.00. The company’s shares closed last Tuesday at SEK102.95.

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According to TipRanks, Sztabowicz is an analyst with an average return of -4.2% and a 44.00% success rate. Sztabowicz covers the Technology sector, focusing on stocks such as STMicroelectronics NV, Nokia, and Soitec SA.

The word on The Street in general, suggests a Hold analyst consensus rating for Telefonaktiebolaget LM Ericsson Class B with a SEK88.00 average price target.

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Based on Telefonaktiebolaget LM Ericsson Class B’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of SEK69.29 billion and a net profit of SEK8.56 billion. In comparison, last year the company earned a revenue of SEK72.91 billion and had a net profit of SEK4.78 billion

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