Shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC – Get Free Report) have been given a consensus recommendation of “Reduce” by the four analysts that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $5.90.
Several analysts recently issued reports on ERIC shares. JPMorgan Chase & Co. boosted their price target on Telefonaktiebolaget LM Ericsson (publ) from $5.58 to $5.90 and gave the company a “neutral” rating in a research note on Monday, July 15th. StockNews.com upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research note on Wednesday.
Check Out Our Latest Stock Analysis on Telefonaktiebolaget LM Ericsson (publ)
Hedge Funds Weigh In On Telefonaktiebolaget LM Ericsson (publ)
Telefonaktiebolaget LM Ericsson (publ) Trading Down 2.4 %
Shares of ERIC stock opened at $8.28 on Friday. Telefonaktiebolaget LM Ericsson has a 12-month low of $4.33 and a 12-month high of $8.62. The company has a market capitalization of $27.59 billion, a PE ratio of -8.36 and a beta of 0.83. The firm has a 50 day moving average price of $7.43 and a two-hundred day moving average price of $6.42. The company has a quick ratio of 0.90, a current ratio of 1.14 and a debt-to-equity ratio of 0.39.
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.
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