Raymond James analyst Simon Leopold maintained a Buy rating on Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) Class B on Friday, setting a price target of $15, which is approximately 28.98% above the present share price of $11.63.
Leopold expects Telefonaktiebolaget LM Ericsson (BS:ERICAs) Class B to post earnings per share (EPS) of $0.00 for the first quarter of 2021.
The current consensus among 3 TipRanks analysts is for a Strong Buy rating of shares in Telefonaktiebolaget LM Ericsson, with an average price target of $15.
The analysts price targets range from a high of $15 to a low of $15.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $57.47 billion and a net profit of $8.73 billion. The company's market cap is $38.7 billion.
According to TipRanks.com, Raymond James analyst Simon Leopold is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.5% and a 60.85% success rate.
Telefonaktiebolaget LM Ericsson engages in the provision of telecommunications equipment and related services to mobile and fixed network operators. It operates through the following segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment supports all radio-access technologies and offer hardware, software and related services for both radio access and transport. The Digital Services segment provides software and services in the areas of digital business support systems, operational support systems, cloud communication, cloud core, and cloud infrastructure. The Managed Services segment includes networks and information technology managed services, network design and optimization, and application development and maintenance. The Emerging Business and Other segment encompasses emerging business, Iconectiv, Red Bee Media, and Media Solutions. The company was founded by Lars Magnus Ericsson in 1876 and is headquartered in Kista, Sweden.