Ericsson Stock Forecast: Divestment of Underperforming Subsidiaries Will Allow Ericsson To Focus More On Its Core Business

motek 1  The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

Ericsson Stock Forecast

  • Networking leader LM Ericsson is worth adding to your long-term portfolio. Much of the world still needs better 4G LTE infrastructures.
  • The company’s recent move to sell its power modules subsidiary to Flex is a good sign. Ericsson now has more cash to fortify its core networking business.
  • A move to reduce a company’s diversified business to focus on core products can often lead to better topline and bottomline performance.
  • Ericsson is also looking to sell its large broadcast and media services subsidiary. Selling underperforming subsidiaries is always commendable.
  • ERIC has a bullish one-year algorithmic forecast from I Know First.

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