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NASDAQ:ERICTelefonaktiebolaget LM Ericsson Stock Price, Forecast & News

$11.93
+0.24 (+2.05 %)
(As of 08/13/2020 04:00 PM ET)
Add
Compare
Today's Range
$11.72
Now: $11.93▼
$11.99
50-Day Range
$9.03
MA: $10.55▼
$11.81
52-Week Range
$6.15
Now: $11.93▼
$11.99
Volume9.94 million shs
Average Volume9.34 million shs
Market Capitalization$39.77 billion
P/E Ratio132.56
Dividend Yield0.42%
Beta0.46
Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for service providers. It operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment provides mobile radio access networks, transport solutions, and site solutions, as well as related services, such as network rollout, network tuning, and customer support. The Digital Services segment offers products and services for service providers in the areas of business support systems, operations support systems, cloud core, cloud communication, network functions virtualization, and cloud infrastructure, as well as consulting, learning, and testing services. The Managed Services segment provides vendor agnostic services, including networks and IT managed, application development and modernization, and network design and optimization services to manage service providers networks. The Emerging Business and Other segment consists of emerging businesses; iconectiv that offers software-based interconnection solutions; media solutions; and Red Bee Media, which consists of technology enabled services to manage the play-out platform for broadcasters and content owners. It operates in Europe and Latin America, the Middle East and Africa, North America, North East Asia, South East Asia, Oceania, and India. The company was founded in 1876 and is headquartered in Stockholm, Sweden.
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Telefonaktiebolaget LM Ericsson logo

Beat the Market (BTM) Rank™

Analyst Opinion: 2.5Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.75 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Radio & t.v. communications equipment
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:ERIC
Previous Symbol
CUSIPN/A
CIK717826
Webwww.ericsson.com
Phone46-1-071-900-00

Debt

Debt-to-Equity Ratio0.38
Current Ratio1.22
Quick Ratio0.96

Price-To-Earnings

Trailing P/E Ratio132.56
Forward P/E Ratio21.30
P/E Growth0.79

Sales & Book Value

Annual Sales$24.04 billion
Price / Sales1.65
Cash Flow$0.41 per share
Price / Cash Flow29.12
Book Value$2.60 per share
Price / Book4.59

Profitability

EPS (Most Recent Fiscal Year)$0.11
Net Income$235.19 million
Net Margins1.21%
Return on Equity5.81%
Return on Assets1.63%

Miscellaneous

Employees99,417
Outstanding Shares3,334,000,000
Market Cap$39.77 billion
Next Earnings Date10/15/2020 (Estimated)
OptionableOptionable
$11.93
+0.24 (+2.05 %)
(As of 08/13/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) Frequently Asked Questions

How has Telefonaktiebolaget LM Ericsson's stock been impacted by Coronavirus (COVID-19)?

Telefonaktiebolaget LM Ericsson's stock was trading at $7.12 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ERIC stock has increased by 67.6% and is now trading at $11.93.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Telefonaktiebolaget LM Ericsson?

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."
View analyst ratings for Telefonaktiebolaget LM Ericsson.

When is Telefonaktiebolaget LM Ericsson's next earnings date?

Telefonaktiebolaget LM Ericsson is scheduled to release its next quarterly earnings announcement on Thursday, October 15th 2020.
View our earnings forecast for Telefonaktiebolaget LM Ericsson.

How were Telefonaktiebolaget LM Ericsson's earnings last quarter?

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) issued its quarterly earnings results on Friday, July, 17th. The communications equipment provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.03. The communications equipment provider had revenue of $5.74 billion for the quarter, compared to analysts' expectations of $5.59 billion. Telefonaktiebolaget LM Ericsson had a net margin of 1.21% and a return on equity of 5.81%.
View Telefonaktiebolaget LM Ericsson's earnings history.

What price target have analysts set for ERIC?

14 brokerages have issued 1-year price objectives for Telefonaktiebolaget LM Ericsson's shares. Their forecasts range from $10.00 to $13.00. On average, they anticipate Telefonaktiebolaget LM Ericsson's share price to reach $11.33 in the next twelve months. This suggests that the stock has a possible downside of 5.0%.
View analysts' price targets for Telefonaktiebolaget LM Ericsson.

Has Telefonaktiebolaget LM Ericsson been receiving favorable news coverage?

Headlines about ERIC stock have trended extremely negative this week, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded 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 -4.1 on InfoTrie's scale. They also assigned news headlines about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the next several days.
View the latest news about Telefonaktiebolaget LM Ericsson.

Are investors shorting Telefonaktiebolaget LM Ericsson?

Telefonaktiebolaget LM Ericsson saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 8,930,000 shares, an increase of 26.7% from the May 31st total of 7,050,000 shares. Based on an average daily trading volume, of 7,700,000 shares, the short-interest ratio is currently 1.2 days. Currently, 0.3% of the company's shares are short sold.
View Telefonaktiebolaget LM Ericsson's Short Interest.

Who are some of Telefonaktiebolaget LM Ericsson's key competitors?

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).
View all competitors.

What other stocks do shareholders of Telefonaktiebolaget LM Ericsson own?

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), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Micron Technology (MU), Intel (INTC), Alibaba Group (BABA), AT&T (T) and Walt Disney (DIS).

Who are Telefonaktiebolaget LM Ericsson's key executives?

Telefonaktiebolaget LM Ericsson's management team includes the following people:
  • Mr. Börje E. Ekholm MSc, MBA, Pres, CEO & Director (Age 56)
  • Mr. Carl Mellander, Sr. VP, CFO and Head of Group Function Fin. & Common Functions (Age 55)
  • Ms. Eva-Britt Allenius, Chief Accounting Officer
  • Mr. Erik Ekudden, Group CTO & SVP and Head of Technology & Architecture (Age 51)
  • Mr. Peter Nyquist, VP & Head of Investor Relations (Age 54)

What is Telefonaktiebolaget LM Ericsson's stock symbol?

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

Who are Telefonaktiebolaget LM Ericsson's major shareholders?

Telefonaktiebolaget LM Ericsson's stock is owned by a variety of retail and institutional investors. Top institutional investors include FMR LLC (0.27%), Goldman Sachs Group Inc. (0.07%), Todd Asset Management LLC (0.04%), Envestnet Asset Management Inc. (0.02%), Hansberger Growth Investors LP (0.01%) and Natixis Advisors L.P. (0.01%).

Which institutional investors are selling Telefonaktiebolaget LM Ericsson stock?

ERIC stock was sold by a variety of institutional investors in the last quarter, including Natixis Advisors L.P., Goldman Sachs Group Inc., Raymond James & Associates, Healthcare of Ontario Pension Plan Trust Fund, Trexquant Investment LP, Envestnet Asset Management Inc., Eqis Capital Management Inc., and Avalon Investment & Advisory.

Which institutional investors are buying Telefonaktiebolaget LM Ericsson stock?

ERIC stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Todd Asset Management LLC, Rockefeller Capital Management L.P., Breakline Capital LLC, Candriam Luxembourg S.C.A., Virtu Financial LLC, Symphony Financial Ltd. Co., and Chase Investment Counsel Corp.

How do I buy shares of Telefonaktiebolaget LM Ericsson?

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.

What is Telefonaktiebolaget LM Ericsson's stock price today?

One share of ERIC stock can currently be purchased for approximately $11.93.

How big of a company is Telefonaktiebolaget LM Ericsson?

Telefonaktiebolaget LM Ericsson has a market capitalization of $39.77 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.

What is Telefonaktiebolaget LM Ericsson's official website?

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

How can I contact Telefonaktiebolaget LM Ericsson?

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]

This page was last updated on 8/13/2020 by MarketBeat.com Staff
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