Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  Ericsson AB    ERIC B   SE0000108656

ERICSSON AB

(ERIC B)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Ericsson AB : Good timing based on weekly price data

share with twitter share with LinkedIn share with facebook
09/27/2019 | 03:19am EDT
long trade
Target price hit
Entry price : 78.16SEK | Target : 85.4SEK | Stop-loss : 74SEK | Potential : 9.26%
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.
Ericsson AB : Ericsson AB : Good timing based on weekly price data
Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

Strengths
  • 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.

Weaknesses
  • 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.
Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. 3.28% 5.99 Delayed Quote.5.45%
BYD COMPANY LIMITED 3.62% 77.3 End-of-day quote.98.97%
ERICSSON AB 1.15% 86.46 Delayed Quote.4.81%
JUST GROUP PLC 2.25% 49.06 Delayed Quote.-39.27%
WILL GROUP, INC. -2.52% 618 End-of-day quote.-50.64%

Jordan Dufee
© MarketScreener.com 2019
share with twitter share with LinkedIn share with facebook

Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

Financials
Sales 2020 234 B 25 468 M 25 468 M
Net income 2020 13 843 M 1 509 M 1 509 M
Net cash 2020 15 409 M 1 679 M 1 679 M
P/E ratio 2020 21,1x
Yield 2020 1,94%
Capitalization 305 B 33 077 M 33 222 M
EV / Sales 2019
EV / Sales 2020 1,24x
Nbr of Employees 99 095
Free-Float 88,9%
Upcoming event on ERICSSON AB
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 96,34 SEK
Last Close Price 85,48 SEK
Spread / Highest target 34,5%
Spread / Average Target 12,7%
Spread / Lowest Target -9,92%
EPS Revisions
Managers
NameTitle
Erik Börje Ekholm President, Chief Executive Officer & Director
Ronnie Leten Chairman
Carl Mellander CFO, Senior VP & Head-Group Function Finance
Erik Ekudden Chief Technology Officer & Senior Vice President
Torbjörn Nyman Director
Sector and Competitors
1st jan.Capitalization (M$)
ERICSSON AB4.81%33 077
CISCO SYSTEMS, INC.-2.63%197 181
FOXCONN INDUSTRIAL INTERNET CO., LTD.-8.48%47 509
ZTE CORPORATION33.14%28 660
NOKIA OYJ10.03%23 037
MOTOROLA SOLUTIONS, INC.-18.75%22 267