Telefonaktiebolaget LM Ericsson Stock Price, News & Analysis (NASDAQ:ERIC)

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

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) posted its quarterly earnings data on Wednesday, July, 17th. The communications equipment provider reported $0.06 EPS for the quarter, missing the Zacks' consensus estimate of $0.07 by $0.01. The communications equipment provider had revenue of $54.80 billion for the quarter, compared to analyst estimates of $53.25 billion. Telefonaktiebolaget LM Ericsson had a net margin of 0.16% and a return on equity of 6.37%. Telefonaktiebolaget LM Ericsson's revenue was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.09) EPS. View Telefonaktiebolaget LM Ericsson's Earnings History.

Telefonaktiebolaget LM Ericsson is scheduled to release their next quarterly earnings announcement on Thursday, October 17th 2019. View Earnings Estimates for Telefonaktiebolaget LM Ericsson.

11 brokers have issued 12 month price targets for Telefonaktiebolaget LM Ericsson's shares. Their predictions range from $9.00 to $11.50. On average, they anticipate Telefonaktiebolaget LM Ericsson's share price to reach $9.8660 in the next twelve months. This suggests a possible upside of 19.0% from the stock's current price. View Analyst Price Targets for Telefonaktiebolaget LM Ericsson.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Telefonaktiebolaget LM Ericsson in the last year. There are currently 1 sell rating, 5 hold ratings, 4 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Telefonaktiebolaget LM Ericsson.

Press coverage about ERIC stock has trended somewhat negative on Sunday, according to InfoTrie Sentiment. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Telefonaktiebolaget LM Ericsson earned a coverage optimism score of -1.3 on InfoTrie's scale. They also assigned news articles about the communications equipment provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for Telefonaktiebolaget LM Ericsson.

Telefonaktiebolaget LM Ericsson saw a decline in short interest during the month of August. As of August 31st, there was short interest totalling 7,589,700 shares, a decline of 17.9% from the July 31st total of 9,248,300 shares. Based on an average trading volume of 6,130,000 shares, the short-interest ratio is currently 1.2 days. Approximately 0.3% 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), Nokia Oyj (NOK), Motorola Solutions (MSI), Ubiquiti (UI), Ubiquiti Networks (UBNT), ViaSat (VSAT), Echostar (SATS), Commscope (COMM), Loral Space & Communications Ltd. (LORL), Comtech Telecomm. (CMTL), Casa Systems (CASA), Harmonic (HLIT), Maxar Technologies (MAXR) and Gilat Satellite Networks (GILT).

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), Intel (INTC), Micron Technology (MU), NVIDIA (NVDA), QUALCOMM (QCOM), Cisco Systems (CSCO), Alibaba Group (BABA), Starbucks (SBUX) and Netflix (NFLX).

Telefonaktiebolaget LM Ericsson's stock is owned by a number of of institutional and retail investors. Top institutional investors include Primecap Management Co. CA (3.96%), Renaissance Technologies LLC (0.70%), Northern Trust Corp (0.09%), Bank of America Corp DE (0.08%), Morgan Stanley (0.07%) and UBS Group AG (0.05%).

ERIC stock was sold by a variety of institutional investors in the last quarter, including Jane Street Group LLC, Primecap Management Co. CA, Capital Fund Management S.A., AMP Capital Investors Ltd, Atria Investments LLC, Aperio Group LLC, Chase Investment Counsel Corp and Verition Fund Management LLC.

ERIC stock was acquired by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Morgan Stanley, Bank of America Corp DE, Allianz Asset Management GmbH, JPMorgan Chase & Co., Commerzbank Aktiengesellschaft FI, Bank of Montreal Can and Royal Bank of Canada.

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 $8.29.

Telefonaktiebolaget LM Ericsson has a market capitalization of $27.40 billion and generates $24.28 billion in revenue each year. The communications equipment provider earns $-751,600,000.00 in net income (profit) each year or $0.03 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]