NASDAQ:ERIC - Telefonaktiebolaget LM Ericsson Stock Price, Forecast & News

Telefonaktiebolaget LM Ericsson trades on the NASDAQ under the ticker symbol "ERIC."

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) posted its quarterly earnings results on Thursday, October, 17th. The communications equipment provider reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.08 by $0.27. The communications equipment provider earned $57.13 billion during the quarter, compared to the consensus estimate of $56.60 billion. Telefonaktiebolaget LM Ericsson had a return on equity of 4.40% and a net margin of 1.02%. The company's revenue for the quarter was up 6.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 earnings per share. View Telefonaktiebolaget LM Ericsson's Earnings History.

Telefonaktiebolaget LM Ericsson is scheduled to release their next quarterly earnings announcement on Wednesday, April 15th 2020. View Earnings Estimates for Telefonaktiebolaget LM Ericsson.

13 brokers have issued twelve-month target prices for Telefonaktiebolaget LM Ericsson's shares. Their forecasts range from $9.00 to $11.50. On average, they expect Telefonaktiebolaget LM Ericsson's share price to reach $10.27 in the next year. This suggests a possible upside of 24.4% from the stock's current price. View Analyst Price Targets for Telefonaktiebolaget LM Ericsson.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Telefonaktiebolaget LM Ericsson in the last year. There are currently 3 hold ratings, 9 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Telefonaktiebolaget LM Ericsson.

News articles about ERIC stock have been trending somewhat negative recently, InfoTrie Sentiment reports. The research firm identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Telefonaktiebolaget LM Ericsson earned a daily sentiment score of -1.4 on InfoTrie's scale. They also assigned news headlines about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Telefonaktiebolaget LM Ericsson.

Telefonaktiebolaget LM Ericsson saw a increase in short interest in January. As of January 15th, there was short interest totalling 12,730,000 shares, an increase of 13.7% from the December 31st total of 11,200,000 shares. Based on an average daily volume of 5,080,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.4% of the company's shares are short sold. View Telefonaktiebolaget LM Ericsson's Current Options Chain.

Some companies that are related to Telefonaktiebolaget LM Ericsson include QUALCOMM (QCOM), NTT Docomo (DCMYY), Motorola Solutions (MSI), Nokia Oyj (NOK), Ubiquiti (UI), ViaSat (VSAT), Echostar (SATS), Commscope (COMM), Maxar Technologies (MAXR), Loral Space & Communications Ltd. (LORL), Comtech Telecomm. (CMTL), Harmonic (HLIT), Gilat Satellite Networks (GILT), Casa Systems (CASA) and Sierra Wireless (SWIR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Telefonaktiebolaget LM Ericsson investors own include Nokia Oyj (NOK), Advanced Micro Devices (AMD), Micron Technology (MU), NVIDIA (NVDA), QUALCOMM (QCOM), Verizon Communications (VZ), Cisco Systems (CSCO), Intel (INTC), Alibaba Group (BABA) and AT&T (T).

Telefonaktiebolaget LM Ericsson's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Zeke Capital Advisors LLC (0.01%), Eqis Capital Management Inc. (0.01%), Commerzbank Aktiengesellschaft FI (0.01%), Altfest L J & Co. Inc. (0.00%), Advisor Partners LLC (0.00%) and SeaCrest Wealth Management LLC (0.00%).

ERIC stock was sold by a variety of institutional investors in the last quarter, including Zeke Capital Advisors LLC, Campbell & CO Investment Adviser LLC, Commerzbank Aktiengesellschaft FI and Eqis Capital Management Inc..

ERIC stock was bought by a variety of institutional investors in the last quarter, including SeaCrest Wealth Management LLC, Altfest L J & Co. Inc., OLD National Bancorp IN and Advisor Partners LLC.

Shares of ERIC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of ERIC stock can currently be purchased for approximately $8.25.

Telefonaktiebolaget LM Ericsson has a market capitalization of $27.27 billion and generates $24.04 billion in revenue each year. The communications equipment provider earns $235.23 million in net income (profit) each year or $0.11 on an earnings per share basis. Telefonaktiebolaget LM Ericsson employs 95,359 workers across the globe.View Additional Information About Telefonaktiebolaget LM Ericsson.

The official website for Telefonaktiebolaget LM Ericsson is http://www.ericsson.com/.

Telefonaktiebolaget LM Ericsson's mailing address is TORSHAMNSGATAN 21 - 23, STOCKHOLM V7, 16483. The communications equipment provider can be reached via phone at 46-1-071-900-00 or via email at [email protected]