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Ericsson Ripe For A Rebound, Vetr Crowd Says

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Shares of Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) have lost 23.5 percent of value since the beginning of the year. However, it seems like the stock is ripe for a rebound – or so does the Vetr crowd seem to believe.

On Friday, the Vetr community decided to upgrade its rating on shares of Ericsson, from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating.

Related Link: Here's How Crowdsourced Ratings Can Beat The Market

The rating better reflects the crowd’s average price target of $8.33, which implies an upside potential of almost 13 percent.

It should be noted that, in accordance with the new rating, 80 percent of the crowd’s ratings are bullish.

Latest Ratings for ERIC

DateFirmActionFromTo
Dec 2018Raymond JamesUpgradesUnderperformMarket Perform
Sep 2018Canaccord GenuityMaintainsHoldHold
Sep 2018Credit SuisseUpgradesUnderperformNeutral

View More Analyst Ratings for ERIC
View the Latest Analyst Ratings

Posted-In: VetrUpgrades Price Target Crowdsourcing Analyst Ratings General

 

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