Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERICGet Rating) from a buy rating to a strong-buy rating in a research report released on Thursday morning.

A number of other research analysts have also recently issued reports on ERIC. Deutsche Bank Aktiengesellschaft cut their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from SEK 120 to SEK 100 and set a hold rating for the company in a research note on Friday, March 18th. Grupo Santander upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from an underperform rating to an outperform rating and set a SEK 106 target price for the company in a research note on Friday, April 8th. Cowen cut their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $16.00 to $15.00 in a research note on Monday, April 18th. UBS Group upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a sell rating to a neutral rating in a research note on Wednesday, March 9th. Finally, Barclays cut their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from SEK 160 to SEK 130 and set an overweight rating for the company in a research note on Wednesday, April 20th. One investment analyst has 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’s stock. According to MarketBeat, the stock has a consensus rating of Buy and an average target price of $81.67.

NASDAQ ERIC opened at $7.30 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.17 and a debt-to-equity ratio of 0.26. The stock’s 50 day moving average is $8.13 and its two-hundred day moving average is $9.60. The company has a market capitalization of $24.34 billion, a price-to-earnings ratio of 9.61 and a beta of 0.39. Telefonaktiebolaget LM Ericsson has a 1-year low of $7.26 and a 1-year high of $13.40.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERICGet Rating) last released its quarterly earnings data on Thursday, April 14th. The communications equipment provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.05). The company had revenue of $5.90 billion for the quarter, compared to analyst estimates 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, analysts predict that Telefonaktiebolaget LM Ericsson will post 0.71 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the stock. AGF Investments Inc. raised its position in 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 worth $39,531,000 after purchasing an additional 2,297,972 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Telefonaktiebolaget LM Ericsson (publ) by 6.1% during the 4th 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 during the period. Marshall Wace LLP acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth $3,002,000. Alan B. Lancz & Associates Inc. acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth $2,587,000. Finally, Earnest Partners LLC grew its holdings in Telefonaktiebolaget LM Ericsson (publ) by 4.3% during the 4th quarter. Earnest Partners LLC now owns 205,695 shares of the communications equipment provider’s stock worth $2,236,000 after acquiring an additional 8,574 shares during the period.

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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