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Lm Ericsson Telephone Company (ERIC) [hlAlert]

up 3.55 %

Lm Ericsson Telephone Company (ERIC) upgraded to Overweight by HSBC Securities

Posted on: Tuesday,  Dec 8, 2009  8:25 AM ET by HSBC Securities

HSBC Securities rated Overweight Lm Ericsson Telephone Company (NASDAQ: ERIC) on 12/08/2009, when the stock price was $9.56.
Since then, Lm Ericsson Telephone Company has gained 3.56% as of 09/18/2015's recent price of $9.90.
If you would have followed this HSBC Securities's recommendation on ERIC, you would have gained 3.55% of your investment in 2110 days.

Ericsson is a world-leading supplier in the fast-growing and dynamic telecommunications and data communications industry, offering advanced communications solutions for mobile and fixed networks, as well as consumer products. The company is a total solutions supplier for all customer segments: network operators and service providers, enterprises and consumers. The company has the world's largest customer base in the telecommunications field.

HSBC has refined and refocused its Global Equities organisation, creating a lean and flexible business model built to meet the needs of global issuers and investors today and in the future. Acknowledging the changing demands of clients, we have also refined our research model, moving away from traditional maintenance to focus on long term, thematic research (a two-year-plus horizon) combined with short term (zero to three months), real-time, actionable ideas both for companies and sectors.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/8/2009 8:25 AM Buy
as of 12/31/2009
1 Week up  27.04 %
1 Month up  23.32 %
3 Months up  23.32 %
1 YTD up  23.32 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/2/2008 8:25 AM Hold

(*) Stock Price at the time of the recommendation.
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