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. Since then, ERIC shares have increased by 65.3% and is now trading at $11.77.
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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) released its earnings results on Wednesday, April, 22nd. The communications equipment provider reported $0.08 earnings per share (EPS) for the quarter, hitting the Thomson Reuters' consensus estimate of $0.08. The communications equipment provider had revenue of $49.80 billion for the quarter, compared to analysts' expectations of $53.03 billion. Telefonaktiebolaget LM Ericsson had a net margin of 1.21% and a return on equity of 5.81%. The firm's revenue was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 EPS.
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14 brokerages have issued twelve-month price objectives for Telefonaktiebolaget LM Ericsson's shares. Their forecasts range from $10.00 to $13.00. On average, they expect Telefonaktiebolaget LM Ericsson's stock price to reach $11.33 in the next year. This suggests that the stock has a possible downside of 3.7%.
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News stories about ERIC stock have trended extremely negative recently, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Telefonaktiebolaget LM Ericsson earned a coverage optimism score of -4.0 on InfoTrie's scale. They also gave media headlines about the communications equipment provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days.
View the latest news about Telefonaktiebolaget LM Ericsson.

Telefonaktiebolaget LM Ericsson saw a increase in short interest in 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 presently 1.2 days. Approximately 0.3% of the shares of the stock are short sold.
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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), Comtech Telecomm. (CMTL), Loral Space & Communications Ltd. (LORL) 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 retail and institutional investors. Top institutional shareholders 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 bought 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 Mount Yale Investment Advisors 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 $11.77.

Telefonaktiebolaget LM Ericsson has a market capitalization of $39.24 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]