Cetera Investment Advisers Boosts Stock Holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Cetera Investment Advisers increased its holdings in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) by 157.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,134 shares of the communications equipment provider’s stock after purchasing an additional 57,003 shares during the period. Cetera Investment Advisers’ holdings in Telefonaktiebolaget LM Ericsson (publ) were worth $751,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in ERIC. GeoWealth Management LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth $36,000. Smartleaf Asset Management LLC grew its stake in Telefonaktiebolaget LM Ericsson (publ) by 131.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider’s stock valued at $40,000 after purchasing an additional 2,840 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at approximately $77,000. Valeo Financial Advisors LLC acquired a new position in Telefonaktiebolaget LM Ericsson (publ) during the 4th quarter valued at about $81,000. Finally, Diametric Capital LP acquired a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter worth $85,000. Institutional investors own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Trading Down 1.3%

Shares of ERIC stock opened at $8.66 on Monday. The stock has a market capitalization of $28.86 billion, a P/E ratio of -866,000.00, a price-to-earnings-growth ratio of 3.89 and a beta of 0.96. Telefonaktiebolaget LM Ericsson has a fifty-two week low of $5.76 and a fifty-two week high of $9.00. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 1.17. The company has a 50 day moving average price of $8.03 and a 200 day moving average price of $8.09.

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 firm had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $55.83 billion. Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. Equities research analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

ERIC has been the subject of a number of research reports. Kepler Capital Markets upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 16th. Wall Street Zen upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 17th. Finally, JPMorgan Chase & Co. upped 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 report on Friday, April 11th.

Telefonaktiebolaget LM Ericsson (publ) Company Profile

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.