Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Get Free Report) has been given a consensus recommendation of “Reduce” by the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $5.58.
ERIC has been the topic of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.81 to $5.58 and set a “neutral” rating on the stock in a report on Wednesday, April 17th. StockNews.com raised Telefonaktiebolaget LM Ericsson (publ) from a “hold” rating to a “buy” rating in a report on Friday, April 19th.
Check Out Our Latest Stock Report on Telefonaktiebolaget LM Ericsson (publ)
Institutional Trading of Telefonaktiebolaget LM Ericsson (publ)
Telefonaktiebolaget LM Ericsson (publ) Stock Performance
Shares of Telefonaktiebolaget LM Ericsson (publ) stock opened at $6.68 on Wednesday. Telefonaktiebolaget LM Ericsson has a 52 week low of $4.33 and a 52 week high of $6.74. The company has a quick ratio of 0.94, a current ratio of 1.22 and a debt-to-equity ratio of 0.30. The business has a 50 day moving average price of $5.97 and a 200-day moving average price of $5.68. The company has a market cap of $22.26 billion, a PE ratio of -6.75 and a beta of 0.84.
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Get Free Report) last issued its quarterly earnings data on Friday, July 12th. The communications equipment provider reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 9.75% and a positive return on equity of 11.93%. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.29 billion. Equities analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.38 earnings per share for the current fiscal year.
Telefonaktiebolaget LM Ericsson (publ) Company Profile
Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.
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