NASDAQ:ERIC - Telefonaktiebolaget LM Ericsson Stock Price, Price Target & More

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

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) announced its earnings results on Friday, April, 20th. The communications equipment provider reported $0.01 earnings per share for the quarter, topping the Zacks' consensus estimate of ($0.03) by $0.04. The communications equipment provider earned $43.40 billion during the quarter, compared to the consensus estimate of $43.59 billion. Telefonaktiebolaget LM Ericsson had a negative net margin of 12.75% and a negative return on equity of 4.58%. The company's revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($2.42) earnings per share. View Telefonaktiebolaget LM Ericsson's Earnings History.

Telefonaktiebolaget LM Ericsson is scheduled to release their next quarterly earnings announcement on Tuesday, July, 17th 2018. View Earnings Estimates for Telefonaktiebolaget LM Ericsson.

12 brokers have issued 12-month price objectives for Telefonaktiebolaget LM Ericsson's stock. Their forecasts range from $4.65 to $7.00. On average, they expect Telefonaktiebolaget LM Ericsson's share price to reach $5.9125 in the next year. View Analyst Ratings for Telefonaktiebolaget LM Ericsson.

Telefonaktiebolaget LM Ericsson saw a decrease in short interest during the month of April. As of April 30th, there was short interest totalling 19,225,223 shares, a decrease of 41.8% from the April 13th total of 33,018,420 shares. Based on an average trading volume of 13,771,989 shares, the days-to-cover ratio is currently 1.4 days.

Some companies that are related to Telefonaktiebolaget LM Ericsson include NTT Docomo (DCMYY), NTT Docomo (DCM), QUALCOMM (QCOM), Nokia (NOK), Motorola Solutions (MSI), L3 Technologies (LLL), Ubiquiti Networks (UBNT), CommScope (COMM), ARRIS International (ARRS), Echostar (SATS), ViaSat (VSAT), Maxar Technologies (MAXR), Casa Systems (CASA), Mitel Networks (MITL) and Loral Space & Communications (LORL).

News coverage about ERIC stock has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Telefonaktiebolaget LM Ericsson earned a daily sentiment score of 0.17 on Accern's scale. They also assigned media stories about the communications equipment provider an impact score of 46.95 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.

Telefonaktiebolaget LM Ericsson's stock is owned by many different of institutional and retail investors. Top institutional investors include Artisan Partners Limited Partnership (0.41%), Northern Trust Corp (0.08%), Folketrygdfondet (0.06%), Dimensional Fund Advisors LP (0.03%), Aperio Group LLC (0.03%) and UBS Group AG (0.03%). View Institutional Ownership Trends for Telefonaktiebolaget LM Ericsson.

ERIC stock was sold by a variety of institutional investors in the last quarter, including Folketrygdfondet, UBS Group AG, Sei Investments Co., Dimensional Fund Advisors LP, Wells Fargo & Company MN, Envestnet Asset Management Inc., Profund Advisors LLC and Russell Investments Group Ltd.. View Insider Buying and Selling for Telefonaktiebolaget LM Ericsson.

ERIC stock was purchased by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Jane Street Group LLC, JPMorgan Chase & Co., Artisan Partners Limited Partnership, Trexquant Investment LP, Aperio Group LLC, CIBC World Markets Inc. and Massey Quick Simon & CO. LLC. View Insider Buying and Selling for 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, Scottrade, Fidelity and Charles Schwab.

One share of ERIC stock can currently be purchased for approximately $7.42.

Telefonaktiebolaget LM Ericsson has a market capitalization of $24.74 billion and generates $23.60 billion in revenue each year. The communications equipment provider earns $-4,129,660,000.00 in net income (profit) each year or ($0.47) on an earnings per share basis. Telefonaktiebolaget LM Ericsson employs 111,464 workers across the globe.

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]