NASDAQ:ERIC - Telefonaktiebolaget LM Ericsson Stock Price, News, & Analysis

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

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) released its earnings results on Wednesday, April, 17th. The communications equipment provider reported $0.09 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.04 by $0.05. The communications equipment provider earned $48.90 billion during the quarter, compared to analysts' expectations of $48.35 billion. Telefonaktiebolaget LM Ericsson had a negative net margin of 1.46% and a positive return on equity of 3.79%. Telefonaktiebolaget LM Ericsson's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 EPS. View Telefonaktiebolaget LM Ericsson's Earnings History.

Telefonaktiebolaget LM Ericsson is scheduled to release their next quarterly earnings announcement on Wednesday, July 17th 2019. View Earnings Estimates for Telefonaktiebolaget LM Ericsson.

9 analysts have issued 12 month price targets for Telefonaktiebolaget LM Ericsson's shares. Their forecasts range from $9.00 to $10.00. On average, they anticipate Telefonaktiebolaget LM Ericsson's share price to reach $9.7075 in the next year. This suggests a possible upside of 1.6% from the stock's current price. View Analyst Price Targets for Telefonaktiebolaget LM Ericsson.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Telefonaktiebolaget LM Ericsson in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Telefonaktiebolaget LM Ericsson.

News headlines about ERIC stock have been trending somewhat positive this week, InfoTrie reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Telefonaktiebolaget LM Ericsson earned a coverage optimism score of 1.4 on InfoTrie's scale. They also assigned headlines about the communications equipment provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near future. View News Stories for Telefonaktiebolaget LM Ericsson.

Telefonaktiebolaget LM Ericsson saw a increase in short interest in the month of April. As of April 30th, there was short interest totalling 6,215,568 shares, an increase of 32.8% from the April 15th total of 4,679,544 shares. Based on an average daily trading volume, of 7,970,689 shares, the days-to-cover ratio is currently 0.8 days. View Telefonaktiebolaget LM Ericsson's Current Options Chain.

Some companies that are related to Telefonaktiebolaget LM Ericsson include NTT Docomo (DCMYY), QUALCOMM (QCOM), Nokia Oyj (NOK), Motorola Solutions (MSI), L3 Technologies (LLL), Ubiquiti Networks (UBNT), ARRIS International (ARRS), ViaSat (VSAT), Echostar (SATS), Commscope (COMM), Loral Space & Communications Ltd. (LORL), Comtech Telecomm. (CMTL), Casa Systems (CASA), Harmonic (HLIT) and Gilat Satellite Networks (GILT).

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

Telefonaktiebolaget LM Ericsson's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Primecap Management Co. CA (3.98%), FMR LLC (0.00%), 13D Management LLC (0.06%), Envestnet Asset Management Inc. (0.03%), Chase Investment Counsel Corp (0.01%) and Zeke Capital Advisors LLC (0.01%).

ERIC stock was sold by a variety of institutional investors in the last quarter, including Primecap Management Co. CA, Rational Advisors LLC, 13D Management LLC, Mitsubishi UFJ Kokusai Asset Management Co. Ltd., Toronto Dominion Bank, Wetherby Asset Management Inc., Chesapeake Asset Management LLC and Investors Research Corp.

ERIC stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Picton Mahoney Asset Management, FIL Ltd, Chase Investment Counsel Corp, Systematic Financial Management LP, Penserra Capital Management LLC, Zeke Capital Advisors LLC and Eqis Capital Management Inc..

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 $9.55.

Telefonaktiebolaget LM Ericsson has a market capitalization of $31.84 billion and generates $24.28 billion in revenue each year. The communications equipment provider earns $-751,600,000.00 in net income (profit) each year or $0.03 on an earnings per share basis. Telefonaktiebolaget LM Ericsson employs 95,359 workers across the globe.View Additional Information About Telefonaktiebolaget LM Ericsson.

The official website for Telefonaktiebolaget LM Ericsson is http://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]