60% of Analysts Recommend ‘Holds’ on Ericsson Stock

Ericsson’s stock returns

Ericsson (ERIC) stock has returned 4.5% in the last 12 months, 5.5% in the last month, and 0.8% in the last five days. Ericsson stock fell 36% in 2016 and rose 16.5% in 2017. Since the start of 2018, it’s risen just over 17%.

Peers Nokia (NOK), Juniper (JNPR), and Cisco (CSCO) have returned -6.4%, -3.4%, and 37%, respectively, in the last 12 months.

60% of Analysts Recommend ‘Holds’ on Ericsson Stock

Analysts’ recommendations and price targets

Of the ten analysts tracking Ericsson, two have recommended “buys,” six have recommended “holds,” and two have recommended “sells” on the stock. Analysts’ 12-month average price target for Ericsson is $7.46, and their median estimate is $7.35. Ericsson is trading at a premium of 4.3% to analysts’ median estimate.

Moving averages

On July 11, Ericsson closed the trading day at $7.68. Based on that price, the stock is trading as follows:

  • 7% above its 100-day moving average of $7.15
  • 1% above its 50-day moving average of $7.60
  • 0.4% below its 20-day moving average of $7.71

MACD and RSI

Ericsson’s 14-day MACD (moving average convergence divergence) is 0.06. A stock’s MACD marks the difference between its short-term and long-term moving averages. Ericsson’s positive MACD score indicates an upward trading trend.

Ericsson has a 14-day RSI (relative strength index) score of 39, which shows that the stock is trading very close to oversold territory. An RSI score of above 70 indicates that a stock has been overbought, while an RSI score of below 30 indicates that a stock has been oversold.