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 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ERIC shares have increased by 62.4% and is now trading at $11.56.
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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."
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Telefonaktiebolaget LM Ericsson is scheduled to release its next quarterly earnings announcement on Thursday, October 15th 2020.
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Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) issued its earnings results on Friday, July, 17th. The communications equipment provider reported $0.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.03. The communications equipment provider had revenue of $5.74 billion for the quarter, compared to the consensus estimate 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.

14 equities research analysts have issued 12 month price objectives for Telefonaktiebolaget LM Ericsson's stock. Their forecasts range from $10.00 to $13.00. On average, they expect Telefonaktiebolaget LM Ericsson's stock price to reach $11.33 in the next year. This suggests that the stock has a possible downside of 2.0%.
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News coverage about ERIC stock has trended positive this week, InfoTrie Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Telefonaktiebolaget LM Ericsson earned a coverage optimism score of 2.4 on InfoTrie's scale. They also assigned press coverage about the communications equipment provider a news buzz of 10.0 out of 10, indicating that recent news 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.

Telefonaktiebolaget LM Ericsson saw a increase in short interest in 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 presently 1.2 days. Approximately 0.3% of the company's shares are sold short.
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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).
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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).

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

Telefonaktiebolaget LM Ericsson's stock is owned by a number of institutional and retail investors. Top institutional shareholders include FMR LLC (0.27%), Bank of America Corp DE (0.12%), Goldman Sachs Group Inc. (0.07%), Balyasny Asset Management LLC (0.06%), Todd Asset Management LLC (0.04%) and 13D Management LLC (0.04%).

ERIC stock was sold by a variety of institutional investors in the last quarter, including Balyasny Asset Management LLC, Natixis Advisors L.P., Goldman Sachs Group Inc., Raymond James & Associates, Bank of America Corp DE, 13D Management LLC, Healthcare of Ontario Pension Plan Trust Fund, and Trexquant Investment LP.

ERIC stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Todd Asset Management LLC, Alyeska Investment Group L.P., Rockefeller Capital Management L.P., Breakline Capital LLC, Advisor Group Holdings Inc., Candriam Luxembourg S.C.A., and Virtu Financial LLC.

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 $11.56.

Telefonaktiebolaget LM Ericsson has a market capitalization of $38.54 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]