Morgan Stanley started coverage on shares of Ericsson (NASDAQ:ERIC – Free Report) in a report published on Monday morning, MarketBeat reports. The firm issued an equal weight rating and a $11.00 price objective on the communications equipment provider’s stock.
Other equities research analysts have also issued reports about the stock. Wall Street Zen lowered shares of Ericsson from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 18th. Jefferies Financial Group raised shares of Ericsson to a “hold” rating in a research note on Monday, October 13th. Cfra Research upgraded shares of Ericsson to a “hold” rating in a research note on Wednesday, October 15th. Danske downgraded shares of Ericsson to a “hold” rating in a report on Wednesday, October 15th. Finally, Barclays reiterated an “underweight” rating on shares of Ericsson in a research note on Wednesday, October 15th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Ericsson presently has a consensus rating of “Reduce” and an average target price of $10.40.
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Ericsson Trading Down 0.8%
Hedge Funds Weigh In On Ericsson
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jump Financial LLC purchased a new position in shares of Ericsson in the second quarter valued at $17,461,000. FNY Investment Advisers LLC raised its stake in Ericsson by 1,050.0% during the second quarter. FNY Investment Advisers LLC now owns 575,000 shares of the communications equipment provider’s stock valued at $4,876,000 after purchasing an additional 525,000 shares in the last quarter. Quantbot Technologies LP bought a new position in Ericsson during the second quarter valued at $2,102,000. LSV Asset Management bought a new position in Ericsson during the second quarter valued at $291,000. Finally, ABC Arbitrage SA grew its stake in shares of Ericsson by 64.6% in the 2nd quarter. ABC Arbitrage SA now owns 5,121,349 shares of the communications equipment provider’s stock worth $43,429,000 after buying an additional 2,009,723 shares in the last quarter. 7.99% of the stock is owned by institutional investors.
Ericsson News Summary
Here are the key news stories impacting Ericsson this week:
- Positive Sentiment: Vonage (part of Ericsson) announced a strategic collaboration with C3 AI to launch an AI-first field‑services solution that integrates Vonage communications and Ericsson network APIs — a commercial tie-up that could expand Vonage revenue and strengthen Ericsson’s software/API monetization. Vonage and C3 AI Partner on Network-Enabled, Agentic AI Field Services Solution for Mobile Workforces
- Positive Sentiment: Ericsson completed large-scale 5G SA testing with Far EasTone and OPPO in a concert scenario, showcasing advanced service capabilities and supporting commercial 5G deployments and device/vendor partnerships. Ericsson, Far EasTone & OPPO Test Advanced 5G SA Services in Large-Scale Concert Scenario
- Positive Sentiment: Local engagement and brand-building: Ericsson is partnering with the Nigerian government on a youth innovation hackathon (Connect NextGen), which supports regional presence and long-term talent/market development in Africa. FG, Ericsson set to launch Connect NextGen innovation hackathon for Nigerian youths
- Neutral Sentiment: Ericsson is at/near a 52-week high and analysts/commentary are asking whether momentum can continue — this highlights upside momentum but also raises valuation/mean‑reversion questions for investors. Ericsson (ERIC) Hits Fresh High: Is There Still Room to Run?
- Neutral Sentiment: Value comparison coverage: Zacks published a piece comparing Ericsson and Motorola (MSI) for value investors — useful for relative valuation context but not a direct catalyst. ERIC vs. MSI: Which Stock Is the Better Value Option?
- Neutral Sentiment: Morgan Stanley initiated coverage on Ericsson — initiation can boost liquidity and attention; impact depends on the firm’s rating/price target (not specified in the summary). Morgan Stanley Initiates Coverage on Ericsson (NASDAQ:ERIC)
- Neutral Sentiment: Short-interest feed shows reported “significant increase” entries but the underlying numbers are zero/NaN and the days‑to‑cover is 0.0 — this appears to be a data error and is unlikely to be a meaningful sell signal. (Two similar short‑interest entries were posted on Feb 10–11.)
About Ericsson
Ericsson AB is a Swedish multinational telecommunications equipment and services company headquartered in Stockholm. Founded in 1876 by Lars Magnus Ericsson, the company designs, develops and sells infrastructure, software and services that enable mobile and fixed-line networks worldwide. Ericsson serves a global customer base that includes mobile network operators, enterprise customers and public-sector organizations across Europe, the Americas, Asia-Pacific, the Middle East and Africa.
The company’s core activities center on building and modernizing network infrastructure, with a particular focus on radio access networks (RAN), core network software, cloud-native solutions and network management systems.
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