Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Get Free Report) was the recipient of some unusual options trading activity on Monday. Investors bought 4,293 call options on the company. This represents an increase of approximately 248% compared to the average volume of 1,233 call options.
Telefonaktiebolaget LM Ericsson (publ) Stock Up 1.4 %
Shares of NASDAQ:ERIC opened at $7.73 on Tuesday. The company has a current ratio of 1.19, a quick ratio of 0.95 and a debt-to-equity ratio of 0.39. The stock has a fifty day simple moving average of $8.23 and a two-hundred day simple moving average of $7.73. Telefonaktiebolaget LM Ericsson has a 12-month low of $4.77 and a 12-month high of $8.90. The stock has a market capitalization of $25.76 billion, a price-to-earnings ratio of -257.67 and a beta of 0.79.
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Get Free Report) last posted its quarterly earnings results on Friday, January 24th. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a positive return on equity of 13.31% and a negative net margin of 0.47%. On average, research analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.47 earnings per share for the current fiscal year.
Analysts Set New Price Targets
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Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of ERIC. Two Sigma Advisers LP increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 17,266.7% during the third quarter. Two Sigma Advisers LP now owns 2,031,900 shares of the communications equipment provider’s stock valued at $15,402,000 after acquiring an additional 2,020,200 shares in the last quarter. Marshall Wace LLP boosted its stake in Telefonaktiebolaget LM Ericsson (publ) by 39.3% during the 2nd quarter. Marshall Wace LLP now owns 1,898,019 shares of the communications equipment provider’s stock valued at $11,711,000 after purchasing an additional 535,933 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 2nd quarter worth $3,027,000. Millennium Management LLC purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) in the second quarter worth $2,896,000. Finally, FMR LLC lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 23.8% during the third quarter. FMR LLC now owns 2,412,480 shares of the communications equipment provider’s stock valued at $18,287,000 after purchasing an additional 463,415 shares in the last quarter. 7.99% of the stock is owned by hedge funds and other institutional investors.
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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