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Telefonaktiebolaget LM Ericsson (ERIC) Gets a Hold Rating from Charter Equity

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 $6.81.

According to TipRanks.com, Snyder is a 5-star analyst with an average return of 19.7% and a 55.6% success rate. Snyder covers the Technology sector, focusing on stocks such as Skyworks Solutions, Texas Instruments, and ON Semiconductor.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Telefonaktiebolaget LM Ericsson with a $15.00 average price target.

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The company has a one-year high of $13.40 and a one-year low of $7.23. Currently, Telefonaktiebolaget LM Ericsson has an average volume of 7.94M.

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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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