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NASDAQ:ERIC

Telefonaktiebolaget LM Ericsson Stock Forecast, Price & News

$10.84
-0.31 (-2.78 %)
(As of 09/21/2020 09:15 AM ET)
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Today's Range
$10.81
Now: $10.84▼
$10.87
50-Day Range
$10.85
MA: $11.46▼
$12.01
52-Week Range
$6.15
Now: $10.84▼
$12.10
Volume1,392 shs
Average Volume9.28 million shs
Market Capitalization$36.14 billion
P/E Ratio120.44
Dividend Yield0.45%
Beta0.41
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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Telefonaktiebolaget LM Ericsson logo

Beat the Market (BTM) Rank™

Analyst Opinion: 2.5Community Rank: 2.1Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.75 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NASDAQ
Industry Radio & t.v. communications equipment
Sub-IndustryN/A
SectorComputer and Technology
Current SymbolNASDAQ:ERIC
Previous Symbol
CUSIPN/A
CIK717826
Webwww.ericsson.com
Phone46-1-071-900-00

Debt

Debt-to-Equity Ratio0.38
Current Ratio1.22
Quick Ratio0.96

Price-To-Earnings

Trailing P/E Ratio120.44
Forward P/E Ratio19.02
P/E Growth0.73

Sales & Book Value

Annual Sales$24.04 billion
Price / Sales1.50
Cash Flow$0.40 per share
Price / Cash Flow27.22
Book Value$2.60 per share
Price / Book4.17

Profitability

EPS (Most Recent Fiscal Year)$0.11
Net Income$235.19 million
Net Margins1.21%
Return on Equity5.81%
Return on Assets1.63%

Miscellaneous

Employees99,417
Outstanding Shares3,334,000,000
Market Cap$36.14 billion
Next Earnings Date10/15/2020 (Estimated)
OptionableOptionable
$10.84
-0.31 (-2.78 %)
(As of 09/21/2020 09:15 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) Frequently Asked Questions

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

Telefonaktiebolaget LM Ericsson's stock was trading at $7.12 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ERIC stock has increased by 51.8% and is now trading at $10.81.
View which stocks have been most impacted by COVID-19.

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

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."
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 Thursday, October 15th 2020.
View our earnings forecast for Telefonaktiebolaget LM Ericsson.

How were Telefonaktiebolaget LM Ericsson's earnings last quarter?

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) posted its quarterly earnings results on Friday, July, 17th. The communications equipment provider reported $0.10 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.03. The communications equipment provider had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.59 billion. Telefonaktiebolaget LM Ericsson had a return on equity of 5.81% and a net margin of 1.21%.
View Telefonaktiebolaget LM Ericsson's earnings history.

What price target have analysts set for ERIC?

14 equities research analysts have issued 1-year price objectives for Telefonaktiebolaget LM Ericsson's stock. Their forecasts range from $11.00 to $13.00. On average, they expect Telefonaktiebolaget LM Ericsson's stock price to reach $12.00 in the next year. This suggests a possible upside of 11.0% from the stock's current price.
View analysts' price targets for Telefonaktiebolaget LM Ericsson.

Are investors shorting Telefonaktiebolaget LM Ericsson?

Telefonaktiebolaget LM Ericsson saw a increase in short interest in August. As of August 31st, there was short interest totaling 10,240,000 shares, an increase of 15.4% from the August 15th total of 8,870,000 shares. Based on an average trading volume of 10,970,000 shares, the short-interest ratio is presently 0.9 days. Currently, 0.3% of the shares of the stock are sold short.
View Telefonaktiebolaget LM Ericsson's Short Interest.

Who are some of Telefonaktiebolaget LM Ericsson's key competitors?

Some companies that are related to Telefonaktiebolaget LM Ericsson include QUALCOMM (QCOM), NTT Docomo (DCMYY), Motorola Solutions (MSI), Nokia Oyj (NOK), Ubiquiti (UI), Echostar (SATS), ViaSat (VSAT), Commscope (COMM), Maxar Technologies (MAXR), Harmonic (HLIT), Loral Space & Communications Ltd. (LORL), Cambium Networks (CMBM), Sierra Wireless (SWIR), Comtech Telecomm. (CMTL) and Casa Systems (CASA).
View all 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), Advanced Micro Devices (AMD), Intel (INTC), Cisco Systems (CSCO), Micron Technology (MU), AT&T (T), Alibaba Group (BABA) and Tesla (TSLA).

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 number of institutional and retail investors. Top institutional investors 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%).

Which major investors are selling Telefonaktiebolaget LM Ericsson stock?

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.

Which major investors are buying Telefonaktiebolaget LM Ericsson stock?

ERIC stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Todd Asset Management LLC, Alyeska Investment Group L.P., Great West Life Assurance Co. Can, Rockefeller Capital Management L.P., Breakline Capital LLC, Advisor Group Holdings Inc., and Candriam Luxembourg S.C.A..

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 $10.81.

How big of a company is Telefonaktiebolaget LM Ericsson?

Telefonaktiebolaget LM Ericsson has a market capitalization of $36.04 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 9/21/2020 by MarketBeat.com Staff
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