Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Get Rating) has been assigned a consensus rating of "Hold" from the twenty ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $69.30.
A number of equities analysts recently issued reports on ERIC shares. Cheuvreux cut Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "hold" rating in a report on Friday, July 15th. Kepler Capital Markets lowered Telefonaktiebolaget LM Ericsson (publ) to a "hold" rating in a research report on Friday, July 15th. Redburn Partners initiated coverage on Telefonaktiebolaget LM Ericsson (publ) in a report on Monday, September 26th. They issued a "neutral" rating on the stock. UBS Group cut their price objective on Telefonaktiebolaget LM Ericsson (publ) from SEK 85 to SEK 78 in a report on Friday, July 15th. Finally, StockNews.com downgraded Telefonaktiebolaget LM Ericsson (publ) from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 3rd.
Get Telefonaktiebolaget LM Ericsson (publ) alerts:Institutional Trading of Telefonaktiebolaget LM Ericsson (publ)
Large investors have recently added to or reduced their stakes in the business. Credit Suisse AG raised its holdings in Telefonaktiebolaget LM Ericsson (publ) by 398.4% in the 2nd quarter. Credit Suisse AG now owns 3,668,232 shares of the communications equipment provider's stock worth $27,146,000 after acquiring an additional 2,932,251 shares during the period. AGF Investments Inc. raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 113.4% in the first quarter. AGF Investments Inc. now owns 4,325,000 shares of the communications equipment provider's stock worth $39,531,000 after acquiring an additional 2,297,972 shares during the last quarter. Finally, George Kaiser Family Foundation raised its stake in shares of Telefonaktiebolaget LM Ericsson (publ) by 53.4% during the second quarter. George Kaiser Family Foundation now owns 246,938 shares of the communications equipment provider's stock worth $1,827,000 after buying an additional 85,964 shares during the last quarter. 8.53% of the stock is currently owned by institutional investors.
Telefonaktiebolaget LM Ericsson (publ) Price Performance
Shares of NASDAQ:ERIC opened at $5.74 on Thursday. Telefonaktiebolaget LM Ericsson has a 1-year low of $5.65 and a 1-year high of $12.78. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.60 and a quick ratio of 1.25. The business has a fifty day moving average price of $7.12 and a 200-day moving average price of $7.79. The company has a market capitalization of $19.12 billion, a PE ratio of 7.45 and a beta of 0.41.Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Get Rating) last posted its quarterly earnings data on Thursday, July 14th. The communications equipment provider reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.04). The company had revenue of $6.36 billion for the quarter, compared to analysts' expectations of $6.37 billion. Telefonaktiebolaget LM Ericsson (publ) had a net margin of 9.61% and a return on equity of 22.68%. As a group, equities analysts expect that Telefonaktiebolaget LM Ericsson will post 0.62 EPS for the current fiscal year.
Telefonaktiebolaget LM Ericsson (publ) Cuts Dividend
The company also recently declared a dividend, which was paid on Friday, September 30th. Shareholders of record on Friday, September 30th were paid a $0.076 dividend. The ex-dividend date of this dividend was Thursday, September 29th. Telefonaktiebolaget LM Ericsson (publ)'s payout ratio is currently 19.48%.
Telefonaktiebolaget LM Ericsson (publ) Company Profile
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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.
Further Reading
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