Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Get Free Report) have been assigned a consensus recommendation of “Reduce” from the four research firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $5.90.
Separately, JPMorgan Chase & Co. increased their price target on Telefonaktiebolaget LM Ericsson (publ) from $5.58 to $5.90 and gave the company a “neutral” rating in a report on Monday, July 15th.
Read Our Latest Analysis on Telefonaktiebolaget LM Ericsson (publ)
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Telefonaktiebolaget LM Ericsson (publ) Stock Performance
NASDAQ ERIC opened at $7.57 on Monday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.14 and a quick ratio of 0.90. Telefonaktiebolaget LM Ericsson has a 1-year low of $4.33 and a 1-year high of $7.65. The firm has a market capitalization of $25.23 billion, a P/E ratio of -7.65 and a beta of 0.83. The business’s 50-day simple moving average is $7.04 and its 200-day simple moving average is $6.15.
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Get Free Report) last released its quarterly earnings data on Friday, July 12th. The communications equipment provider reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.04). Telefonaktiebolaget LM Ericsson (publ) had a positive return on equity of 11.39% and a negative net margin of 14.13%. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.29 billion. Equities analysts predict that Telefonaktiebolaget LM Ericsson will post 0.41 EPS for the current year.
About Telefonaktiebolaget LM Ericsson (publ)
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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