Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Given Average Rating of "Reduce" by Analysts

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) has been assigned a consensus rating of "Reduce" from the five analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $5.58.

Several research analysts have recently weighed in on ERIC shares. UBS Group cut shares of Telefonaktiebolaget LM Ericsson (publ) from a "neutral" rating to a "sell" rating in a report on Wednesday, January 31st. Barclays cut shares of Telefonaktiebolaget LM Ericsson (publ) from an "equal weight" rating to an "underweight" rating in a report on Friday, January 19th. StockNews.com raised shares of Telefonaktiebolaget LM Ericsson (publ) from a "hold" rating to a "buy" rating in a report on Friday, April 19th. TheStreet raised shares of Telefonaktiebolaget LM Ericsson (publ) from a "d+" rating to a "c-" rating in a report on Tuesday, January 9th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.81 to $5.58 and set a "neutral" rating for the company in a report on Wednesday, April 17th.

Telefonaktiebolaget LM Ericsson (publ) Stock Down 1.1 %

Telefonaktiebolaget LM Ericsson (publ) stock traded down $0.06 during trading hours on Friday, hitting $5.18. The stock had a trading volume of 8,648,007 shares, compared to its average volume of 17,697,436. 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 stock has a market capitalization of $17.25 billion, a P/E ratio of -7.40 and a beta of 0.76. Telefonaktiebolaget LM Ericsson has a 12-month low of $4.33 and a 12-month high of $6.36. The stock's 50-day moving average price is $5.36 and its 200-day moving average price is $5.36.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) last issued its earnings results on Monday, January 22nd. The communications equipment provider reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 9.75% and a positive return on equity of 11.93%. The business had revenue of $6.76 billion during the quarter, compared to analysts' expectations of $7.04 billion. During the same period in the previous year, the company earned $0.20 earnings per share. Equities research analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.39 EPS for the current fiscal year.

Institutional Trading of Telefonaktiebolaget LM Ericsson (publ)

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Affirmative Financial Network boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 9.4% in the first quarter. First Affirmative Financial Network now owns 26,354 shares of the communications equipment provider's stock worth $145,000 after purchasing an additional 2,268 shares during the period. Aprio Wealth Management LLC boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 17.5% in the first quarter. Aprio Wealth Management LLC now owns 17,547 shares of the communications equipment provider's stock worth $97,000 after purchasing an additional 2,609 shares during the period. QRG Capital Management Inc. boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 2.6% in the fourth quarter. QRG Capital Management Inc. now owns 107,824 shares of the communications equipment provider's stock worth $679,000 after purchasing an additional 2,753 shares during the period. First Trust Direct Indexing L.P. boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 7.0% in the first quarter. First Trust Direct Indexing L.P. now owns 44,549 shares of the communications equipment provider's stock worth $245,000 after purchasing an additional 2,931 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 31.2% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 13,457 shares of the communications equipment provider's stock worth $65,000 after purchasing an additional 3,201 shares during the period. 7.99% of the stock is owned by hedge funds and other institutional investors.

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.