Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Upgraded at Kepler Capital Markets

Kepler Capital Markets upgraded shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other research analysts have also recently issued reports on ERIC. StockNews.com raised shares of Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the company a “neutral” rating in a research report on Friday, April 11th.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

Telefonaktiebolaget LM Ericsson (publ) stock opened at $8.17 on Wednesday. The firm has a fifty day simple moving average of $7.91 and a two-hundred day simple moving average of $8.04. Telefonaktiebolaget LM Ericsson has a twelve month low of $5.00 and a twelve month high of $8.90. The company has a market capitalization of $27.23 billion, a PE ratio of -817,000.00, a P/E/G ratio of 3.89 and a beta of 0.92. The company has a quick ratio of 0.96, a current ratio of 1.17 and a debt-to-equity ratio of 0.34.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last issued its earnings results on Tuesday, April 15th. The communications equipment provider reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $5.68 billion during the quarter, compared to analysts’ expectations of $55.83 billion. Telefonaktiebolaget LM Ericsson (publ) had a return on equity of 13.70% and a net margin of 0.06%. Research analysts expect that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 27th. Stockholders of record on Thursday, March 27th were given a $0.1315 dividend. This is a positive change from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.13. The ex-dividend date of this dividend was Thursday, March 27th. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio (DPR) is currently -1,800,000.10%.

Institutional Trading of Telefonaktiebolaget LM Ericsson (publ)

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its position in Telefonaktiebolaget LM Ericsson (publ) by 0.9% during the 1st quarter. SG Americas Securities LLC now owns 158,085 shares of the communications equipment provider’s stock valued at $1,227,000 after purchasing an additional 1,339 shares during the period. Checchi Capital Advisers LLC raised its stake in Telefonaktiebolaget LM Ericsson (publ) by 10.8% in the fourth quarter. Checchi Capital Advisers LLC now owns 15,015 shares of the communications equipment provider’s stock worth $121,000 after buying an additional 1,464 shares in the last quarter. First Affirmative Financial Network lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 4.7% in the fourth quarter. First Affirmative Financial Network now owns 40,182 shares of the communications equipment provider’s stock worth $324,000 after buying an additional 1,798 shares during the period. Aaron Wealth Advisors LLC boosted its position in Telefonaktiebolaget LM Ericsson (publ) by 8.3% during the 4th quarter. Aaron Wealth Advisors LLC now owns 28,345 shares of the communications equipment provider’s stock valued at $228,000 after acquiring an additional 2,172 shares in the last quarter. Finally, Fulton Bank N.A. grew its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 18.9% during the 1st quarter. Fulton Bank N.A. now owns 15,045 shares of the communications equipment provider’s stock worth $117,000 after acquiring an additional 2,388 shares during the period. Hedge funds and other institutional investors own 7.99% of the company’s stock.

About Telefonaktiebolaget LM Ericsson (publ)

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.