The decline over the past weeks has brought the price of Ericsson AB shares back to an important technical support level at 75.92 SEK. This represents an opportunity to take advantage of these prices levels. Investors have an opportunity to buy the stock and target the SEK 85.4.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
The current area is a good opportunity for investors interested in buying the stock in a mid or long-term perspective. Indeed, the share is moving closer to its lower bound at SEK 75.92 SEK in weekly data.
The company is in a robust financial situation considering its net cash and margin position.
Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
Over the last twelve months, the sales forecast has been frequently revised upwards.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
The company's earnings releases usually do not meet expectations.
The firm trades with high earnings multiples: 26.32 times its 2019 earnings per share.
The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
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