Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Receives Average Rating of “Reduce” from Analysts

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERICGet Free Report) has been given an average recommendation of “Reduce” by the five research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $5.90.

A number of research firms have weighed in on ERIC. UBS Group cut shares of Telefonaktiebolaget LM Ericsson (publ) from a “neutral” rating to a “sell” rating in a report on Wednesday, January 31st. Barclays downgraded shares of Telefonaktiebolaget LM Ericsson (publ) from an “equal weight” rating to an “underweight” rating in a research report on Friday, January 19th. TheStreet upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “d+” rating to a “c-” rating in a research report on Tuesday, January 9th. Finally, Jefferies Financial Group raised shares of Telefonaktiebolaget LM Ericsson (publ) from a “hold” rating to a “buy” rating in a report on Friday, December 8th.

Check Out Our Latest Analysis on ERIC

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of ERIC stock opened at $5.51 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 0.92. The company has a market capitalization of $18.35 billion, a PE ratio of -7.55 and a beta of 0.76. The firm’s 50-day moving average is $5.50 and its two-hundred day moving average is $5.33. Telefonaktiebolaget LM Ericsson has a 12 month low of $4.33 and a 12 month high of $6.36.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERICGet Free Report) last announced its quarterly earnings results on Monday, January 22nd. The communications equipment provider reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $6.76 billion during the quarter, compared to analysts’ expectations of $7.04 billion. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 9.82% and a positive return on equity of 11.77%. During the same period last year, the business earned $0.20 earnings per share. Analysts predict that Telefonaktiebolaget LM Ericsson will post 0.42 earnings per share for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The firm also recently declared a dividend, which was paid on Sunday, March 31st. Stockholders of record on Friday, April 5th were given a $0.1293 dividend. This is an increase from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.08. The ex-dividend date of this dividend was Thursday, April 4th. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio (DPR) is presently -21.92%.

Institutional Trading of Telefonaktiebolaget LM Ericsson (publ)

Large investors have recently modified their holdings of the company. Planned Solutions Inc. bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter worth about $38,000. Lake Street Advisors Group LLC acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth approximately $64,000. 626 Financial LLC bought a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at $72,000. Dorsey & Whitney Trust CO LLC increased its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 31.2% during the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 13,457 shares of the communications equipment provider’s stock valued at $65,000 after purchasing an additional 3,201 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter worth $103,000. Institutional investors and hedge funds own 7.99% of the company’s stock.

About Telefonaktiebolaget LM Ericsson (publ)

(Get Free Report

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.

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

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