#5 - Ericsson ADR (NASDAQ:ERIC)
Ericsson ADR (ERIC) - Network upgrades are another area that will require an upgrade to accommodate 5G technology. Investors have another best-in-class option with Ericsson ADR (NASDAQ:ERIC). The Swedish-based company is currently partnering with TDC to launch the first 5G network in Denmark. This could be the test case for other 5G networks around the globe.
One thing that makes Ericsson attractive is that it is priced under $8 per share. From a trading perspective it is approaching the lower end of its 52-week low ($7.58) and has some room to go before hitting its 52-week high ($10.46). But the stock gave up much of the prior 3-month gains when it posted disappointing earnings.
That is not discouraging some analysts. In fact, Citi analyst Amit Harchandani said he expects consensus 2020 EBIT to move lower by 5%-10% on the higher operating expenditure.
“While a weaker quarter was widely anticipated...we would be buyers of any sustained weakness as we see multiple reasons for optimism beyond the headline metrics.”
About Telefonaktiebolaget LM Ericsson (publ)
Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.
Read More - Current Price
- $5.88
- Consensus Rating
- Reduce
- Ratings Breakdown
- 1 Buy Ratings, 2 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $5.58 (5.1% Downside)
