Telefonaktiebolaget LM Ericsson is a Sweden-based telecommunications operator. The Company offers hardware, software and services that drive development in mobility, broadband and the cloud, creating ecosystems across various industries. Ericsson's core businesses are Radio, Core and Transmission, and Telecom Services. Ericsson operates through three business segments: Networks, Global Services and Support Solutions. Its targeted areas include business support systems (OSS) and business support systems (BSS); television and media, and Internet protocol (IP) and cloud. Networks segment delivers products and solutions for mobile and fixed communication, various generations of radio networks, IP and transmission networks, core networks and cloud. Global Services segment delivers managed services, product-related services, consulting and systems integration services, as well as broadcast and media services. Its Support Solutions segment provides software suites for operators.
Industry, Sector and Symbol:
- Sector: Computer and Technology
- Industry: Communication Equipment
- Sub-Industry: N/A
- Exchange: NASDAQ
- Symbol: ERIC
- Previous Close: $6.44
- 50 Day Moving Average: $5.92
- 200 Day Moving Average: $6.06
- 52-Week Range: $4.83 - $10.20
- Trailing P/E Ratio: 111.03
- Foreward P/E Ratio: 16.95
- P/E Growth: -1.22
- Market Cap: $21.05B
- Outstanding Shares: 3,268,807,000
- Beta: 1.2
- Net Margins: 0.85%
- Return on Equity: 6.20%
- Return on Assets: 3.09%
Companies Related to Ericsson:
- Debt-to-Equity Ratio: 0.13%
- Current Ratio: 1.85%
- Quick Ratio: 1.53%
What is Ericsson's stock symbol?
Ericsson trades on the NASDAQ under the ticker symbol "ERIC."
Where is Ericsson's stock going? Where will Ericsson's stock price be in 2017?
18 analysts have issued 1-year price targets for Ericsson's shares. Their forecasts range from $5.50 to $8.27. On average, they expect Ericsson's share price to reach $6.55 in the next twelve months.
What are analysts saying about Ericsson stock?
Here are some recent quotes from research analysts about Ericsson stock:
According to Zacks Investment Research, "Ericsson’s fourth-quarter 2016 earnings missed the Zacks Consensus Estimate by 36.4% and were down 75.2% from the year-ago tally, largely on account of weak product demand and revenue performance. Over the past six months, Ericsson’s shares recorded a negative average return, far worse than the Zacks categorized Wireless Equipment industry’s average negative. Soft emerging market conditions, completion of major projects and adverse industry trends added to the woes. However, on the positive side, the company has prioritized three areas of growth, namely core business, targeted investments and cost & efficiency. Ericsson’s recent partnership with Cisco is showing promise and is expected to boost its product lineup and drive sales growth. Also, steady pace of LTE deployments in Southeast Asia and Oceania is proving conducive to the company’s growth." (1/27/2017)
Goldman Sachs Group, Inc. (The) analysts commented, "the risk/reward is now less skewed to the downside than before the ytd underperformance of the stock."However, Goldman still expects challenging wireless capex dynamics this year and remains cautious on second-quarter results. Goldman expects quarter-over-quarter revenue growth of 7.5 percent in the second quarter (i.e., sub-seasonal), whereas the consensus models 10 percent.Related Link: Neustar Plans To Split Into 2 Independent Publicly Traded Companies"Our view remains that top-line trends will be tough in 2016, given further EM weakness and our expectation of continued low wireless volumes in regions including Korea and Europe," analyst Alexander Duval wrote in a note.That said, Duval raised his 2016/17 EBITDA estimates by 6 percent/7 percent to factor in a greater likelihood that Ericsson will achieve its cost-cutting target (ex modems) of SKr7 billion by 2017."[O]ur 2016/2017 EBITDA estimates are now only 4 percent/1 percent below SME Direkt consensus, suggesting downside to earnings is now less likely to catalyze further underperformance than we assumed hitherto," (6/21/2016)
Who owns Ericsson stock?
Ericsson's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Hotchkis & Wiley Capital Management LLC (3.20%), NWQ Investment Management Company LLC (0.14%), FMR LLC (0.14%), Symons Capital Management Inc. (0.06%), Dimensional Fund Advisors LP (0.05%) and Two Sigma Investments LP (0.04%).
Who sold Ericsson stock? Who is selling Ericsson stock?
Ericsson's stock was sold by a variety of institutional investors in the last quarter, including NWQ Investment Management Company LLC, Envestnet Asset Management Inc., Guggenheim Capital LLC, Symons Capital Management Inc., Dimensional Fund Advisors LP, Ladenburg Thalmann Financial Services Inc., Brown Advisory Inc. and Bluestein R H & Co..
Who bought Ericsson stock? Who is buying Ericsson stock?
Ericsson's stock was bought by a variety of institutional investors in the last quarter, including Hotchkis & Wiley Capital Management LLC, FMR LLC, Folger Hill Asset Management LP, Two Sigma Investments LP, Russell Investments Group Ltd., Commerzbank Aktiengesellschaft FI, FNY Partners Fund LP and DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main.
How do I buy Ericsson stock?
Shares of Ericsson can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of Ericsson stock cost?
One share of Ericsson stock can currently be purchased for approximately $6.44.