Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Free Report) had its price target upped by JPMorgan Chase & Co. from $5.90 to $6.70 in a research report report published on Monday, Benzinga reports. They currently have a neutral rating on the communications equipment provider’s stock.
Separately, StockNews.com upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Telefonaktiebolaget LM Ericsson (publ) currently has an average rating of “Hold” and a consensus target price of $6.70.
Read Our Latest Analysis on ERIC
Telefonaktiebolaget LM Ericsson (publ) Stock Up 1.0 %
Institutional Trading of Telefonaktiebolaget LM Ericsson (publ)
Large investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. bought a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at about $506,000. NBC Securities Inc. increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 258.1% during the 1st quarter. NBC Securities Inc. now owns 10,744 shares of the communications equipment provider’s stock valued at $59,000 after purchasing an additional 7,744 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in Telefonaktiebolaget LM Ericsson (publ) by 225.8% during the 1st quarter. Gateway Investment Advisers LLC now owns 46,340 shares of the communications equipment provider’s stock valued at $255,000 after purchasing an additional 32,117 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) during the first quarter worth $36,000. Finally, Azzad Asset Management Inc. ADV boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 1.9% during the first quarter. Azzad Asset Management Inc. ADV now owns 576,227 shares of the communications equipment provider’s stock worth $3,175,000 after buying an additional 10,935 shares in the last quarter. 7.99% of the stock is currently owned by institutional investors.
Telefonaktiebolaget LM Ericsson (publ) Company Profile
Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.
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