Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) has been given an average recommendation of “Hold” by the fourteen analysts that are presently covering the firm, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $8.18.
ERIC has been the subject of several analyst reports. BMO Capital Markets reissued a “hold” rating on shares of Telefonaktiebolaget LM Ericsson in a research note on Thursday, October 18th. ValuEngine raised shares of Telefonaktiebolaget LM Ericsson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 18th. Argus raised shares of Telefonaktiebolaget LM Ericsson from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. BidaskClub raised shares of Telefonaktiebolaget LM Ericsson from a “hold” rating to a “buy” rating in a research report on Tuesday, October 23rd. Finally, Raymond James raised shares of Telefonaktiebolaget LM Ericsson from an “underperform” rating to a “market perform” rating in a research report on Thursday, December 20th.
Get Telefonaktiebolaget LM Ericsson alerts:Shares of Telefonaktiebolaget LM Ericsson stock traded up $0.06 during mid-day trading on Tuesday, hitting $8.78. The stock had a trading volume of 11,110,164 shares, compared to its average volume of 5,699,948. Telefonaktiebolaget LM Ericsson has a 12-month low of $6.00 and a 12-month high of $9.45. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.45 and a quick ratio of 1.19. The stock has a market cap of $29.27 billion, a price-to-earnings ratio of 292.67, a price-to-earnings-growth ratio of 0.59 and a beta of 0.53.
Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) last posted its quarterly earnings results on Friday, January 25th. The communications equipment provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.22). Telefonaktiebolaget LM Ericsson had a negative net margin of 2.91% and a positive return on equity of 1.32%. The firm had revenue of $63.80 billion during the quarter, compared to analysts’ expectations of $61.50 billion. During the same period last year, the company earned ($1.19) EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. Equities analysts expect that Telefonaktiebolaget LM Ericsson will post 0.36 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. purchased a new position in shares of Telefonaktiebolaget LM Ericsson during the 4th quarter worth approximately $42,000. Atlas Capital Advisors LLC acquired a new position in shares of Telefonaktiebolaget LM Ericsson in the fourth quarter valued at approximately $152,000. HRT Financial LLC acquired a new position in shares of Telefonaktiebolaget LM Ericsson in the third quarter valued at approximately $186,000. Lenox Wealth Management Inc. raised its position in shares of Telefonaktiebolaget LM Ericsson by 7,208.4% in the third quarter. Lenox Wealth Management Inc. now owns 21,706 shares of the communications equipment provider’s stock valued at $191,000 after buying an additional 21,409 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of Telefonaktiebolaget LM Ericsson in the third quarter valued at approximately $196,000. 7.91% of the stock is owned by hedge funds and other institutional investors.
About Telefonaktiebolaget LM Ericsson
Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for networks, IT and cloud, and media markets worldwide. It operates through four segments: Networks, Digital Services, Managed Services, and Other. The Networks segment provides mobile radio access networks, transport solutions, and site solutions, as well as related services, such as network rollout, network tuning, and customer support.
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