|Bid||325.10 x 0|
|Ask||325.40 x 0|
|Day's Range||322.80 - 326.80|
|52 Week Range||225.00 - 326.80|
|PE Ratio (TTM)||28.60|
|Forward Dividend & Yield||0.78 (2.21%)|
|1y Target Est||N/A|
Ericsson's leading shareholders have chosen the well-regarded former chief executive of Swedish industrial group Atlas Copco as new chairman of the telecoms equipment maker as it battles against a slump ...
Ericsson (ERICb.ST) has picked the former boss of high-flying mining gear maker Atlas Copco as its new chairman, boosting hopes of a recovery at the Swedish mobile equipment company. Shares in Ericsson rose as much as 2.2 percent on Monday after it said Ronnie Leten would succeed Leif Johansson as chairman, pending a shareholder vote planned for March 28. Investors said Leten, under whose leadership Atlas Copco (ATCOa.ST) shares rose twice as much as the European industrial sector index, was a good choice, despite a lack of experience in the telecoms sector.
Atlas Copco AB (ATLKY) is poised to gain from its healthy end-market demand from its products and services and synergistic benefits from acquired assets.
Atlas Copco (ATLKY) could be good choice for investors as it is seeing decent short-term momentum and positive earnings estimate revisions.