Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Given Average Rating of “Buy” by Analysts

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERICGet Rating) has earned an average recommendation of “Hold” from the eighteen brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $75.90.

Several equities analysts recently weighed in on the stock. Credit Suisse Group reduced their price target on shares of Telefonaktiebolaget LM Ericsson (publ) from SEK 134 to SEK 120 in a research report on Thursday, April 21st. UBS Group upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “sell” rating to a “neutral” rating in a research report on Wednesday, March 9th. DZ Bank lowered shares of Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “hold” rating in a research report on Tuesday, March 1st. TheStreet lowered shares of Telefonaktiebolaget LM Ericsson (publ) from a “b-” rating to a “c” rating in a research report on Wednesday, May 11th. Finally, Citigroup lowered shares of Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “neutral” rating in a research report on Monday, February 28th.

Shares of ERIC stock opened at $7.43 on Tuesday. The firm has a 50-day moving average of $8.05 and a 200-day moving average of $9.56. The company has a current ratio of 1.47, a quick ratio of 1.17 and a debt-to-equity ratio of 0.26. Telefonaktiebolaget LM Ericsson has a one year low of $7.26 and a one year high of $13.40.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERICGet Rating) last posted its quarterly earnings results on Thursday, April 14th. The communications equipment provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.05). The company had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.88 billion. Telefonaktiebolaget LM Ericsson (publ) had a net margin of 9.47% and a return on equity of 23.65%. On average, sell-side analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.75 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. AGF Investments Inc. raised its stake in Telefonaktiebolaget LM Ericsson (publ) by 113.4% in the first quarter. AGF Investments Inc. now owns 4,325,000 shares of the communications equipment provider’s stock valued at $39,531,000 after purchasing an additional 2,297,972 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 6.1% during the fourth quarter. Advisors Asset Management Inc. now owns 307,502 shares of the communications equipment provider’s stock worth $3,343,000 after acquiring an additional 17,678 shares in the last quarter. Marshall Wace LLP purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth approximately $3,002,000. BNP Paribas Arbitrage SA raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 612.9% during the fourth quarter. BNP Paribas Arbitrage SA now owns 110,606 shares of the communications equipment provider’s stock worth $1,202,000 after acquiring an additional 95,090 shares in the last quarter. Finally, Alan B. Lancz & Associates Inc. purchased a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth approximately $2,587,000.

Telefonaktiebolaget LM Ericsson (publ) Company Profile (Get Rating)

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecom and other sectors. It operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment offers radio access network solutions for various network spectrum bands, including integrated high-performing hardware and software.

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Analyst Recommendations for Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

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