Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) has received a consensus recommendation of “Hold” from the fifteen analysts that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $6.11.
Several equities analysts have recently weighed in on the stock. Canaccord Genuity dropped their price objective on shares of Telefonaktiebolaget LM Ericsson from $5.75 to $5.25 and set a “hold” rating on the stock in a report on Monday, October 23rd. Zacks Investment Research upgraded shares of Telefonaktiebolaget LM Ericsson from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Citigroup lowered shares of Telefonaktiebolaget LM Ericsson from a “buy” rating to a “neutral” rating in a report on Thursday, November 9th. BidaskClub upgraded shares of Telefonaktiebolaget LM Ericsson from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 13th. Finally, ValuEngine lowered shares of Telefonaktiebolaget LM Ericsson from a “hold” rating to a “sell” rating in a report on Friday, February 2nd.
Several hedge funds and other institutional investors have recently made changes to their positions in ERIC. Keybank National Association OH acquired a new position in shares of Telefonaktiebolaget LM Ericsson during the fourth quarter valued at about $100,000. Advisor Group Inc. raised its holdings in shares of Telefonaktiebolaget LM Ericsson by 14.4% in the 2nd quarter. Advisor Group Inc. now owns 19,964 shares of the communications equipment provider’s stock worth $143,000 after acquiring an additional 2,520 shares during the last quarter. Regal Investment Advisors LLC raised its holdings in shares of Telefonaktiebolaget LM Ericsson by 121.2% in the 3rd quarter. Regal Investment Advisors LLC now owns 26,271 shares of the communications equipment provider’s stock worth $151,000 after acquiring an additional 14,397 shares during the last quarter. James Hambro & Partners acquired a new stake in shares of Telefonaktiebolaget LM Ericsson in the 4th quarter worth about $157,000. Finally, Well Done LLC acquired a new stake in shares of Telefonaktiebolaget LM Ericsson in the 3rd quarter worth about $173,000. Hedge funds and other institutional investors own 8.38% of the company’s stock.
Telefonaktiebolaget LM Ericsson (NASDAQ ERIC) opened at $6.74 on Tuesday. The stock has a market cap of $22,472.17, a price-to-earnings ratio of -5.44 and a beta of 0.92. The company has a quick ratio of 1.33, a current ratio of 1.59 and a debt-to-equity ratio of 0.30. Telefonaktiebolaget LM Ericsson has a fifty-two week low of $5.52 and a fifty-two week high of $7.47.
Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) last released its earnings results on Wednesday, January 31st. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.18). The firm had revenue of $57.20 billion during the quarter, compared to analyst estimates of $58.24 billion. Telefonaktiebolaget LM Ericsson had a negative net margin of 17.57% and a negative return on equity of 11.30%. Telefonaktiebolaget LM Ericsson’s quarterly revenue was down 12.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 EPS. equities analysts expect that Telefonaktiebolaget LM Ericsson will post 0.03 EPS for the current year.
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Telefonaktiebolaget LM Ericsson Company Profile
Telefonaktiebolaget LM Ericsson (Ericsson) provides infrastructure, services and software to the telecommunication industry and other sectors. The Company’s segments include Networks, IT & Cloud and Media. The Networks segment consists of two business units: Network Products and Network Services. The overall focus is on evolving and managing access networks, including the development of hardware and software for radio access and transport networks.
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