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Charter Equity Keeps a Hold Rating on Telefonaktiebolaget LM Ericsson (ERIC)

In a report released today, Edward F. Snyder from Charter Equity maintained a Hold rating on Telefonaktiebolaget LM Ericsson (ERICResearch Report). The company’s shares closed last Thursday at $8.49, close to its 52-week low of $7.57.

According to TipRanks.com, Snyder is a 4-star analyst with an average return of 20.0% and a 57.5% success rate. Snyder covers the Technology sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and Wolfspeed.

Currently, the analyst consensus on Telefonaktiebolaget LM Ericsson is a Moderate Buy with an average price target of $15.17.

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Telefonaktiebolaget LM Ericsson’s market cap is currently $31.23B and has a P/E ratio of 14.76.

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Telefonaktiebolaget LM Ericsson, commonly known as Ericsson, develops and manufactures communication network equipment, and provides telecom services and support solutions. The Company’s portfolio includes products for the enterprise, mobile platform, cable, and power module markets.

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