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Is 5G Ericsson’s Next Revenue Growth Driver?

PART:
1 2 3 4 5 6 7
Part 6
Is 5G Ericsson’s Next Revenue Growth Driver? PART 6 OF 7

What Analysts Are Recommending for Ericsson

Stock returns

In the trailing 12-month period, Ericsson (ERIC) stock has fallen 20.4%. In the last month, it has fallen 5.9%. Since the start of 2017, the stock has risen 1.5% after falling more than 36.0% in 2016. It has also fallen almost 3.0% in the last five trading days. In comparison, Nokia (NOK) and Cisco Systems (CSCO) have generated returns of 10.0% and 2.0%, respectively, in the trailing 12-month period.

What Analysts Are Recommending for Ericsson

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Analyst recommendations

Of the 11 analysts covering technology (QQQ) company Ericsson (ERIC), three have given it a “buy” recommendation, and eight have recommended a “hold.” There are currently no “sell” recommendations for Ericsson.

The analysts’ stock price target for the company is $6.20, with a median target estimate of $6.59. Ericsson is trading at a discount of 11.3% to median analyst estimates.

Moving averages

On August 22, 2017, Ericsson closed the trading day at $5.92. Based on this price, here’s how the stock fared in terms of its moving averages:

  • 11.2% below its 100-day moving average of $6.67
  • 11.2% below its 50-day moving average of $6.67
  • 3.9% below its 20-day moving average of $6.16

MACD and RSI

Ericsson’s 14-day moving average convergence divergence (or MACD) is about -0.20. A stock’s MACD is the difference between its short-term and long-term moving averages. Ericsson’s negative figure indicates a downward trading trend.

Ericsson has a 14-day RSI (relative strength index) score of 17, which shows the stock has been oversold. Generally, if an RSI is above 70, it indicates that a stock has been overbought. An RSI figure below 30 suggests that a stock has been oversold.

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