Telefonaktiebolaget LM Ericsson (publ) - ERIC Stock Forecast, Price & News

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Telefonaktiebolaget LM Ericsson (publ) in the last year. There are currently 3 sell ratings, 10 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ERIC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ERIC, but not buy additional shares or sell existing shares.
View ERIC analyst ratings or view top-rated stocks.

19 analysts have issued twelve-month target prices for Telefonaktiebolaget LM Ericsson (publ)'s stock. Their ERIC share price forecasts range from $8.00 to $125.00. On average, they expect the company's stock price to reach $69.00 in the next twelve months. This suggests a possible upside of 958.3% from the stock's current price.
View analysts price targets for ERIC or view top-rated stocks among Wall Street analysts.

Telefonaktiebolaget LM Ericsson (publ)'s stock was trading at $10.87 at the beginning of the year. Since then, ERIC shares have decreased by 40.0% and is now trading at $6.52.
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Telefonaktiebolaget LM Ericsson (publ) saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 14,330,000 shares, an increase of 41.6% from the October 31st total of 10,120,000 shares. Based on an average daily trading volume, of 9,840,000 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.5% of the shares of the company are short sold.
View Telefonaktiebolaget LM Ericsson (publ)'s Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 24th 2023.
View our ERIC earnings forecast.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) posted its quarterly earnings results on Monday, October, 18th. The communications equipment provider reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The communications equipment provider had revenue of $56.30 billion for the quarter, compared to the consensus estimate of $58.16 billion. Telefonaktiebolaget LM Ericsson (publ) had a net margin of 8.99% and a trailing twelve-month return on equity of 20.53%. The firm's revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.20 EPS.

Telefonaktiebolaget LM Ericsson (publ) announced a dividend on Wednesday, September 7th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.076 per share on Friday, September 30th. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for ERIC.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) pays an annual dividend of $0.15 per share and currently has a dividend yield of 2.35%. The dividend payout ratio is 20.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ERIC will have a dividend payout ratio of 24.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ERIC.

230 employees have rated Telefonaktiebolaget LM Ericsson (publ) Chief Executive Officer Börje Ekholm on Glassdoor.com. Börje Ekholm has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Telefonaktiebolaget LM Ericsson (publ) investors own include Nokia Oyj (NOK), NVIDIA (NVDA), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Intel (INTC), Micron Technology (MU), AT&T (T), Alibaba Group (BABA) and Tesla (TSLA).

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

Telefonaktiebolaget LM Ericsson (publ)'s stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Credit Suisse AG (0.15%), Optiver Holding B.V. (0.00%), Group One Trading L.P. (0.00%), Henry James International Management Inc. (0.01%), Russell Investments Group Ltd. (0.01%) and George Kaiser Family Foundation (0.01%).

Shares of ERIC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ERIC stock can currently be purchased for approximately $6.52.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) has a market capitalization of $21.71 billion and generates $27.08 billion in revenue each year. The communications equipment provider earns $2.65 billion in net income (profit) each year or $0.72 on an earnings per share basis.

The company employs 100,454 workers across the globe.

Telefonaktiebolaget LM Ericsson (publ)'s mailing address is TORSHAMNSGATAN 21 - 23, STOCKHOLM V7, 16483. The official website for the company is www.ericsson.com. The communications equipment provider can be reached via phone at (610) 719-0000, via email at investor.relations@ericsson.com, or via fax at 46-8719-4222.