Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) has received a consensus recommendation of “Hold” from the sixteen research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $5.88.

A number of brokerages have issued reports on ERIC. ValuEngine downgraded shares of Telefonaktiebolaget LM Ericsson from a “buy” rating to a “hold” rating in a research report on Thursday, June 28th. BidaskClub raised shares of Telefonaktiebolaget LM Ericsson from a “sell” rating to a “hold” rating in a research report on Friday, June 22nd. DZ Bank reaffirmed a “$8.27” rating on shares of Telefonaktiebolaget LM Ericsson in a research report on Wednesday, July 18th. Zacks Investment Research downgraded shares of Telefonaktiebolaget LM Ericsson from a “buy” rating to a “hold” rating in a research report on Saturday, July 14th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Telefonaktiebolaget LM Ericsson in a research report on Friday, April 20th.

ERIC stock traded up $0.04 during trading on Tuesday, reaching $7.80. The stock had a trading volume of 99,768 shares, compared to its average volume of 5,481,661. Telefonaktiebolaget LM Ericsson has a one year low of $5.52 and a one year high of $8.39. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.22 and a current ratio of 1.50. The company has a market capitalization of $25.84 billion, a price-to-earnings ratio of -16.51 and a beta of 0.77.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) last issued its quarterly earnings data on Wednesday, July 18th. The communications equipment provider reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.03). Telefonaktiebolaget LM Ericsson had a negative return on equity of 5.62% and a negative net margin of 13.14%. The firm had revenue of $49.80 billion during the quarter, compared to the consensus estimate of $48.09 billion. During the same period in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. sell-side analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.19 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ERIC. SG Americas Securities LLC boosted its stake in Telefonaktiebolaget LM Ericsson by 5,146.6% in the first quarter. SG Americas Securities LLC now owns 845,444 shares of the communications equipment provider’s stock valued at $5,411,000 after acquiring an additional 829,330 shares during the last quarter. Trexquant Investment LP purchased a new position in Telefonaktiebolaget LM Ericsson in the first quarter valued at about $725,000. Financial Gravity Companies Inc. boosted its stake in Telefonaktiebolaget LM Ericsson by 62.9% in the first quarter. Financial Gravity Companies Inc. now owns 18,492 shares of the communications equipment provider’s stock valued at $138,000 after acquiring an additional 7,141 shares during the last quarter. Massey Quick Simon & CO. LLC purchased a new position in Telefonaktiebolaget LM Ericsson in the first quarter valued at about $202,000. Finally, Aperio Group LLC boosted its stake in Telefonaktiebolaget LM Ericsson by 7.1% in the first quarter. Aperio Group LLC now owns 879,911 shares of the communications equipment provider’s stock valued at $5,631,000 after acquiring an additional 58,409 shares during the last quarter. Hedge funds and other institutional investors own 8.73% of the company’s stock.

About Telefonaktiebolaget LM Ericsson

Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for networks, IT and cloud, and media markets worldwide. It operates through four segments: Networks, Digital Services, Managed Services, and Other. The Networks segment provides mobile radio access networks, transport solutions, and site solutions, as well as related services, such as network rollout, network tuning, and customer support.

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Analyst Recommendations for Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)

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