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Analysts Tracking Ericsson: 20% Recommend a ‘Buy’

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Ericsson stock

Ericsson (ERIC) stock has returned 0.2% in the last 12 months, -5.3% in the last month, and 1.5% in the last five days. It fell 36% in 2016 and then rose 16.5% in 2017. Since the start of 2018, the stock has risen 9.6%. Its peers Cisco Systems (CSCO), Nokia (NOK), and Juniper Networks (JNPR) have returned 38%, -10%, and -9%, respectively, in the last 12 months.

Analysts’ recommendations and price targets

Of the ten analysts tracking Ericsson stock, two have recommended a “buy,” and six have recommended a “hold.” There are two “sell” recommendations. Analysts’ 12-month average price target for Ericsson is $7.36, and the median estimate is $7.20. Ericsson is trading at a premium of 1.6% to its median estimate.

Moving averages

On June 5, Ericsson stock closed at $7.32. Based on that price, the stock is trading as follows:

  • 5.4% above its 100-day moving average of $6.94
  • 2.6% above its 50-day moving average of $7.14
  • 3.3% below its 20-day moving average of $7.57

Technical indicators

Ericsson’s 14-day MACD (moving average convergence divergence) is 0.05. MACD is the difference between a stock’s short-term and long-term moving averages. Ericsson’s positive MACD indicates an upward trading trend.

Ericsson has a 14-day RSI (relative strength index) score of 28, which shows that the stock is trading closer to oversold territory. An RSI score above 70 indicates that a stock has been overbought, while an RSI score below 30 suggests that it has been oversold.

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