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NASDAQ:ERICTelefonaktiebolaget LM Ericsson Stock Price, Forecast & News

$9.14
+0.18 (+2.01 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$9.00
Now: $9.14
$9.15
50-Day Range
$8.04
MA: $8.42
$8.96
52-Week Range
$6.15
Now: $9.14
$10.06
Volume5.94 million shs
Average Volume5.68 million shs
Market Capitalization$30.47 billion
P/E Ratio152.33
Dividend Yield0.52%
Beta0.37
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.1Dividend Strength: 3.3Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.28 out of 5 stars


Industry, Sector and Symbol

Industry Radio & t.v. communications equipment
Sub-IndustryN/A
Current SymbolNASDAQ:ERIC
CUSIPN/A
Phone46-1-071-900-00

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$24.04 billion
Cash Flow$0.40 per share
Book Value$2.46 per share

Profitability

Net Income$235.19 million

Miscellaneous

Employees99,417
Outstanding Shares3,334,000,000
Market Cap$30.47 billion
Next Earnings Date7/15/2020 (Estimated)
OptionableOptionable

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Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) Frequently Asked Questions

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

Telefonaktiebolaget LM Ericsson's stock was trading at $7.12 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ERIC stock has increased by 28.4% and is now trading at $9.14. View which stocks have been most impacted by Coronavirus.

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Telefonaktiebolaget LM Ericsson in the last year. There are currently 2 hold ratings, 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.

When is Telefonaktiebolaget LM Ericsson's next earnings date?

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

How were Telefonaktiebolaget LM Ericsson's earnings last quarter?

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) released its quarterly earnings data on Wednesday, April, 22nd. The communications equipment provider reported $0.08 earnings per share for the quarter, hitting the Zacks' 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 return on equity of 4.33% and a net margin of 0.90%. The firm's revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the company earned $0.80 earnings per share. View Telefonaktiebolaget LM Ericsson's earnings history.

What price target have analysts set for ERIC?

13 brokerages have issued 12-month target prices for Telefonaktiebolaget LM Ericsson's shares. Their forecasts range from $9.00 to $11.50. On average, they anticipate Telefonaktiebolaget LM Ericsson's share price to reach $10.13 in the next twelve months. This suggests a possible upside of 10.8% from the stock's current price. View analysts' price targets for Telefonaktiebolaget LM Ericsson.

Has Telefonaktiebolaget LM Ericsson been receiving favorable news coverage?

Media coverage about ERIC stock has been trending somewhat positive on Sunday, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Telefonaktiebolaget LM Ericsson earned a news impact score of 2.0 on InfoTrie's scale. They also assigned news stories about the communications equipment provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutTelefonaktiebolaget LM Ericsson.

Are investors shorting Telefonaktiebolaget LM Ericsson?

Telefonaktiebolaget LM Ericsson saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 7,060,000 shares, an increase of 13.9% from the April 30th total of 6,200,000 shares. Based on an average trading volume of 8,620,000 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the company are short sold. View Telefonaktiebolaget LM Ericsson's Current Options Chain.

Who are some of Telefonaktiebolaget LM Ericsson's key 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), Cisco Systems (CSCO), Advanced Micro Devices (AMD), Micron Technology (MU), Intel (INTC), Alibaba Group (BABA), AT&T (T) and Verizon Communications (VZ).

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 Primecap Management Co. CA (3.87%), Balyasny Asset Management LLC (0.10%), Nuveen Asset Management LLC (0.09%), Morgan Stanley (0.03%), Morgan Stanley (0.03%) and Natixis Advisors L.P. (0.03%).

Which institutional investors are selling Telefonaktiebolaget LM Ericsson stock?

ERIC stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Primecap Management Co. CA, Wells Fargo & Company MN, Deutsche Bank AG, Zeke Capital Advisors LLC, Aperio Group LLC, and Maverick Capital Ltd..

Which institutional investors are buying Telefonaktiebolaget LM Ericsson stock?

ERIC stock was purchased by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Nuveen Asset Management LLC, Investors Financial Group LLC, Oppenheimer & Co. Inc., Two Sigma Advisers LP, Healthcare of Ontario Pension Plan Trust Fund, Envestnet Asset Management Inc., and Advisor Group Holdings Inc..

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 $9.14.

How big of a company is Telefonaktiebolaget LM Ericsson?

Telefonaktiebolaget LM Ericsson has a market capitalization of $30.47 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 5/31/2020 by MarketBeat.com Staff

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