Telefonaktiebolaget LM Ericsson (NASDAQ: ERIC) recently received a number of ratings updates from brokerages and research firms:

  • 2/5/2018 – Telefonaktiebolaget LM Ericsson was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Ericsson’s fourth-quarter 2017 loss widened sharply year over year and also missed the Zacks Consensus Estimate significantly, dragged by low investments in mobile broadband and weak demand. The company is struggling amid challenging market conditions and all-pervasive demand weakness. Soft mobile broadband market and shrinking network sales are hurting revenues badly. Over the past six months, Ericsson’s shares have underperformed the industry’s average gain. However, Ericsson has detected signs of improvement and increased stability in product roadmaps and projects. The company plans to invest in R&D to fortify Networks business and intends to stabilize IT & Cloud roadmaps. Ericsson has prioritized three areas of growth — core business, targeted investments and cost & efficiency. Its recent earnings have, however, been hurt by huge restructuring expenses and rising R&D expenses.”
  • 2/5/2018 – Telefonaktiebolaget LM Ericsson was downgraded by analysts at Bank of America Corp from a “buy” rating to an “underperform” rating.
  • 2/2/2018 – Telefonaktiebolaget LM Ericsson was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 2/1/2018 – Telefonaktiebolaget LM Ericsson had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $6.00 price target on the stock, down previously from $6.50.
  • 1/25/2018 – Telefonaktiebolaget LM Ericsson was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 1/16/2018 – Telefonaktiebolaget LM Ericsson was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 1/9/2018 – Telefonaktiebolaget LM Ericsson was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Over the past six months, Ericsson’s shares have recorded a negative average return far worse than the industry’s average positive return. Ericsson also has a dreadful earnings history – with huge, consecutive earnings misses over the trailing four quarters. The company is struggling amid challenging market conditions and a major strategic shake-up, and expects an uncertain market to wipe out nearly SEK 5 billion of operating income over the next year. There is also an increased risk of market and customer project adjustments, which can have a negative impact of SEK 3-5 billion on the operating income in the coming year. Escalating restructuring expenses and spectrum crunch may pose as significant headwinds, going forward. However, Ericsson has detected signs of improvement and increased stability in product roadmaps and projects.”
  • 12/29/2017 – Telefonaktiebolaget LM Ericsson was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 12/21/2017 – Telefonaktiebolaget LM Ericsson had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $6.50 price target on the stock.
  • 12/20/2017 – Telefonaktiebolaget LM Ericsson was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Over the past six months, Ericsson’s shares have recorded a negative average return far worse than the industry’s average positive return. Ericsson also has a dreadful earnings history – with huge, consecutive earnings misses over the trailing four quarters. The company is struggling amid challenging market conditions and a major strategic shake-up, and is grappling with an uncertain market and risk of market and customer project adjustments. However, Ericsson has detected signs of improvement and increased stability in product roadmaps and projects. Ericsson plans to invest in R&D to fortify Networks business and intends to stabilize IT & Cloud roadmaps. The company has prioritized three areas of growth — core business, targeted investments and cost & efficiency. Ericsson’s recent partnership with Cisco is expected to boost its product lineup and drive sales growth.”

Telefonaktiebolaget LM Ericsson (NASDAQ ERIC) traded up $0.15 on Monday, hitting $6.39. The stock had a trading volume of 7,340,600 shares, compared to its average volume of 6,249,193. Telefonaktiebolaget LM Ericsson has a fifty-two week low of $5.52 and a fifty-two week high of $7.47. The company has a quick ratio of 1.33, a current ratio of 1.59 and a debt-to-equity ratio of 0.30. The company has a market cap of $21,305.22, a P/E ratio of -5.15 and a beta of 0.92.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) last posted its quarterly earnings results on Wednesday, January 31st. The communications equipment provider reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.18). Telefonaktiebolaget LM Ericsson had a negative return on equity of 11.30% and a negative net margin of 17.57%. The firm had revenue of $57.20 billion for the quarter, compared to the consensus estimate of $58.24 billion. During the same period in the previous year, the company posted $0.62 EPS. Telefonaktiebolaget LM Ericsson’s quarterly revenue was down 12.3% compared to the same quarter last year. equities analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.03 EPS for the current fiscal year.

Telefonaktiebolaget LM Ericsson (Ericsson) provides infrastructure, services and software to the telecommunication industry and other sectors. The Company’s segments include Networks, IT & Cloud and Media. The Networks segment consists of two business units: Network Products and Network Services. The overall focus is on evolving and managing access networks, including the development of hardware and software for radio access and transport networks.

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