Upbeat broker recommendations for Telefonaktiebolaget Lm Ericsson

The Telefonaktiebolaget Lm Ericsson (STO:ERIC B) share price has risen by 1.65% over the past month and it’s currently trading at 81.54. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.

According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, Telefonaktiebolaget Lm Ericsson currently has:

• 7 Buy recommendations

• 9 Hold recommendations

• 0 Sell recommendations

This suggests that analysts are generally positive about the outlook.

GET MORE DATA-DRIVEN INSIGHTS INTO STO:ERIC B »

Looking behind the broker forecasts

At its current price of 81.54, shares in Telefonaktiebolaget Lm Ericsson are trading at a discount of -11.6% to its 52 week high price. The 1-year performance of the shares has been -8.51%.

While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of Telefonaktiebolaget Lm Ericsson it's worth doing some investigation yourself.

There are all sorts of factors that could affect Telefonaktiebolaget Lm Ericsson's share price this year – we simplify them into easy to understand scores with our Stockopedia StockReport. Click here to take a look at the StockReport for Telefonaktiebolaget Lm Ericsson – you might discover some surprising things you didn’t know.