NASDAQ:ERICTelefonaktiebolaget LM Ericsson Stock Price, Forecast & News

Telefonaktiebolaget LM Ericsson's stock was trading at $7.12 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ERIC shares have increased by 64.9% and is now trading at $11.74.
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14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Telefonaktiebolaget LM Ericsson in the last year. There are currently 1 hold rating and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Telefonaktiebolaget LM Ericsson is scheduled to release its next quarterly earnings announcement on Thursday, October 15th 2020.
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Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) issued its earnings results on Wednesday, April, 22nd. The communications equipment provider reported $0.08 EPS for the quarter, hitting analysts' consensus estimates of $0.08. The communications equipment provider earned $49.80 billion during the quarter, compared to analysts' expectations of $53.03 billion. Telefonaktiebolaget LM Ericsson had a return on equity of 5.81% and a net margin of 1.21%. Telefonaktiebolaget LM Ericsson's quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 EPS.
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14 brokerages have issued 1-year price targets for Telefonaktiebolaget LM Ericsson's shares. Their forecasts range from $10.00 to $13.00. On average, they anticipate Telefonaktiebolaget LM Ericsson's stock price to reach $11.33 in the next year. This suggests that the stock has a possible downside of 3.5%.
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News stories about ERIC stock have been trending somewhat negative on Wednesday, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Telefonaktiebolaget LM Ericsson earned a media sentiment score of -1.0 on InfoTrie's scale. They also assigned news coverage about the communications equipment provider a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an impact on the stock's share price in the immediate future.
View the latest news about Telefonaktiebolaget LM Ericsson.

Telefonaktiebolaget LM Ericsson saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 8,930,000 shares, an increase of 26.7% from the June 15th total of 7,050,000 shares. Based on an average trading volume of 7,700,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.3% of the company's shares are sold short.
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Some companies that are related to Telefonaktiebolaget LM Ericsson include QUALCOMM (QCOM), NTT Docomo (DCMYY), Nokia Oyj (NOK), Motorola Solutions (MSI), Ubiquiti (UI), Echostar (SATS), ViaSat (VSAT), Commscope (COMM), Maxar Technologies (MAXR), Harmonic (HLIT), Casa Systems (CASA), Sierra Wireless (SWIR), Loral Space & Communications Ltd. (LORL), Comtech Telecomm. (CMTL) and Cambium Networks (CMBM).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Telefonaktiebolaget LM Ericsson investors own include Nokia Oyj (NOK), NVIDIA (NVDA), QUALCOMM (QCOM), Cisco Systems (CSCO), Advanced Micro Devices (AMD), Micron Technology (MU), Intel (INTC), Alibaba Group (BABA), AT&T (T) and Verizon Communications (VZ).

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

Telefonaktiebolaget LM Ericsson's stock is owned by a variety of institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.02%), Candriam Luxembourg S.C.A. (0.01%), Raymond James & Associates (0.00%), Raymond James Financial Services Advisors Inc. (0.00%), Symphony Financial Ltd. Co. (0.00%) and Hancock Whitney Corp (0.00%).

ERIC stock was sold by a variety of institutional investors in the last quarter, including Raymond James & Associates, Envestnet Asset Management Inc., Hancock Whitney Corp, Altfest L J & Co. Inc., Zeke Capital Advisors LLC, and Signaturefd LLC.

ERIC stock was acquired by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., Symphony Financial Ltd. Co., Camelot Portfolios LLC, Breiter Capital Management Inc., Raymond James Financial Services Advisors Inc., Altium Wealth Management LLC, JustInvest LLC, and Quantitative Systematic Strategies 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 $11.74.

Telefonaktiebolaget LM Ericsson has a market capitalization of $39.14 billion and generates $24.04 billion in revenue each year. The communications equipment provider earns $235.19 million in net income (profit) each year or $0.11 on an earnings per share basis. Telefonaktiebolaget LM Ericsson employs 99,417 workers across the globe.

The official website for Telefonaktiebolaget LM Ericsson is 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]