Raymond James analyst Simon Leopold maintained a Buy rating on Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) Class B on Friday, setting a price target of $14.5, which is approximately 9.43% above the present share price of $13.25.
Leopold expects Telefonaktiebolaget LM Ericsson (BS:ERICAs) Class B to post earnings per share (EPS) of $0.00 for the third quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in Telefonaktiebolaget LM Ericsson, with an average price target of $17.75.
The analysts price targets range from a high of $21 to a low of $14.5.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $49.78 billion and a net profit of $5.54 billion. The company's market cap is $44.18 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 9.6% and a 60.34% success rate.
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.