NASDAQ:ERICTelefonaktiebolaget LM Ericsson Stock Price, Forecast & News

Telefonaktiebolaget LM Ericsson's stock was trading at $7.12 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ERIC shares have increased by 34.0% and is now trading at $9.54. View which stocks have been most impacted by Coronavirus.

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Telefonaktiebolaget LM Ericsson in the last year. There are currently 1 hold rating, 10 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Telefonaktiebolaget LM Ericsson.

Telefonaktiebolaget LM Ericsson is scheduled to release its next quarterly earnings announcement on Friday, July 17th 2020. View our earnings forecast for Telefonaktiebolaget LM Ericsson.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) released its quarterly earnings data on Wednesday, April, 22nd. The communications equipment provider reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The communications equipment provider had revenue of $49.80 billion for the quarter, compared to analyst estimates of $53.03 billion. Telefonaktiebolaget LM Ericsson had a net margin of 0.90% and a return on equity of 4.33%. Telefonaktiebolaget LM Ericsson's revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.80 earnings per share. View Telefonaktiebolaget LM Ericsson's earnings history.

12 analysts have issued 12-month price objectives for Telefonaktiebolaget LM Ericsson's stock. Their forecasts range from $9.00 to $11.50. On average, they anticipate Telefonaktiebolaget LM Ericsson's stock price to reach $10.38 in the next year. This suggests a possible upside of 8.8% from the stock's current price. View analysts' price targets for Telefonaktiebolaget LM Ericsson.

News coverage about ERIC stock has been trending negative on Thursday, InfoTrie Sentiment reports. The research firm identifies positive and negative press 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 nearest to five being the most favorable. Telefonaktiebolaget LM Ericsson earned a news impact score of -2.1 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 press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news about Telefonaktiebolaget LM Ericsson.

Telefonaktiebolaget LM Ericsson saw a increase in short interest in 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 daily volume of 7,700,000 shares, the short-interest ratio is currently 1.2 days. Approximately 0.3% of the company's stock are sold short. 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), Echostar (SATS), ViaSat (VSAT), Commscope (COMM), Maxar Technologies (MAXR), Harmonic (HLIT), Loral Space & Communications Ltd. (LORL), Comtech Telecomm. (CMTL), Casa Systems (CASA), Gilat Satellite Networks (GILT) and Sierra Wireless (SWIR). View all competitors.

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 number of retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.02%) and Symphony Financial Ltd. Co. (0.00%).

ERIC stock was sold by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc..

ERIC stock was bought by a variety of institutional investors in the last quarter, including Symphony Financial Ltd. Co..

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 $9.54.

Telefonaktiebolaget LM Ericsson has a market capitalization of $31.81 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]