Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Rating Lowered to C at TheStreet

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Get Rating) was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating in a research note issued on Wednesday, TheStreetRatingsTable reports.

ERIC has been the subject of a number of other reports. 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 report on Tuesday, March 1st. Citigroup lowered shares of Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “neutral” rating in a report on Monday, February 28th. Credit Suisse Group lowered their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from SEK 134 to SEK 120 in a research note on Thursday, April 21st. Finally, Jefferies Financial Group began coverage on shares of Telefonaktiebolaget LM Ericsson (publ) in a research note on Thursday, March 17th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $76.31.

Shares of NASDAQ ERIC opened at $7.46 on Wednesday. The firm has a 50-day simple moving average of $8.67 and a 200-day simple moving average of $10.10. 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 52 week low of $7.30 and a 52 week high of $13.72.

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

About Telefonaktiebolaget LM Ericsson (publ) (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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