Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Get Rating) has been assigned a consensus rating of “Hold” from the eighteen research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $70.09.
ERIC has been the subject of several analyst reports. Cowen lowered their price objective on Telefonaktiebolaget LM Ericsson (publ) from $16.00 to $15.00 in a research report on Monday, April 18th. Barclays decreased their price target on Telefonaktiebolaget LM Ericsson (publ) from SEK 160 to SEK 130 and set an “overweight” rating on the stock in a research note on Wednesday, April 20th. StockNews.com cut Telefonaktiebolaget LM Ericsson (publ) from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 25th. Societe Generale reissued a “buy” rating and issued a SEK 121 target price (down previously from SEK 151) on shares of Telefonaktiebolaget LM Ericsson (publ) in a report on Thursday, February 17th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a SEK 125 price objective (up previously from SEK 123) on shares of Telefonaktiebolaget LM Ericsson (publ) in a report on Wednesday, January 26th.
ERIC stock opened at $7.96 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.47 and a quick ratio of 1.17. The business has a 50 day simple moving average of $8.91 and a 200-day simple moving average of $10.33. The firm has a market capitalization of $26.54 billion, a PE ratio of 10.47 and a beta of 0.31. Telefonaktiebolaget LM Ericsson has a 1 year low of $7.57 and a 1 year high of $14.01.
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.
- Get a free copy of the StockNews.com research report on Telefonaktiebolaget LM Ericsson (publ) (ERIC)
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