Alert: Positive Investment/Fundamental Signals (12/5/23)-Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC)


Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) has benefited from exceptional positive changes in investment behavior: its shorter term price trend turned up, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.

Recent important positive changes in fundamentals have benefitted Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC): the consensus estimate for December, 2024 increased significantly, and the consensus estimate for December, 2023 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, ERIC is expected to continue to be an important Value Builder.

Telefonaktiebolaget LM Ericsson has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Telefonaktiebolaget LM Ericsson has a good Appreciation Score of 72 but a poor Power Rating of 22, and the Low Neutral Value Trend Rating results.

Recent Price Action

Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) stock enjoyed a large increase of 4.0% on 12/5/23. The stock closed at $5.46. Moreover, this advance was accompanied by exceptionally high trading volume at 436% of normal. Relative to the market the stock has been weak over the last nine months but has risen 10.5% during the last week.

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