Telefonaktiebolaget LM Ericsson (ERIC) Receives “Market Perform” Rating from BMO Capital Markets

BMO Capital Markets restated their market perform rating on shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) in a research note published on Friday morning.

Several other equities research analysts have also recently weighed in on ERIC. Wells Fargo & Co reiterated a market perform rating on shares of Telefonaktiebolaget LM Ericsson in a research note on Friday, December 9th. Zacks Investment Research upgraded shares of Telefonaktiebolaget LM Ericsson from a sell rating to a hold rating in a research note on Tuesday, December 13th. Danske upgraded shares of Telefonaktiebolaget LM Ericsson from a sell rating to a buy rating in a research note on Thursday, December 15th. Bank of America Corp upgraded shares of Telefonaktiebolaget LM Ericsson from a neutral rating to a buy rating in a research note on Friday, December 16th. Finally, Goldman Sachs Group Inc cut shares of Telefonaktiebolaget LM Ericsson from a neutral rating to a sell rating and set a $6.00 target price for the company. in a research note on Thursday, January 19th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of Hold and a consensus target price of $7.04.

Analyst Recommendations for Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)

Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) traded down 0.30% during trading on Friday, reaching $6.64. The company had a trading volume of 1,632,825 shares. Telefonaktiebolaget LM Ericsson has a 12-month low of $4.83 and a 12-month high of $10.20. The firm has a 50-day moving average of $6.20 and a 200-day moving average of $5.97. The company has a market cap of $21.71 billion, a P/E ratio of 116.49 and a beta of 1.20.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) last released its earnings results on Thursday, January 26th. The company reported $0.07 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. Telefonaktiebolaget LM Ericsson had a net margin of 0.85% and a return on equity of 6.20%. The business earned $65.20 billion during the quarter, compared to analysts’ expectations of $6.77 billion. During the same quarter last year, the company earned $2.50 earnings per share. The firm’s revenue was down 11.4% on a year-over-year basis. On average, equities research analysts anticipate that Telefonaktiebolaget LM Ericsson will post $0.30 EPS for the current year.

Your IP Address:

Hedge funds have recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC raised its stake in Telefonaktiebolaget LM Ericsson by 67.8% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 104,722,783 shares of the company’s stock valued at $610,534,000 after buying an additional 42,301,938 shares during the last quarter. Cambiar Investors LLC raised its stake in Telefonaktiebolaget LM Ericsson by 12.3% in the third quarter. Cambiar Investors LLC now owns 20,246,012 shares of the company’s stock valued at $145,974,000 after buying an additional 2,221,436 shares during the last quarter. Brandes Investment Partners LP raised its stake in Telefonaktiebolaget LM Ericsson by 4.4% in the third quarter. Brandes Investment Partners LP now owns 10,785,976 shares of the company’s stock valued at $77,767,000 after buying an additional 456,911 shares during the last quarter. FMR LLC raised its stake in Telefonaktiebolaget LM Ericsson by 200.2% in the fourth quarter. FMR LLC now owns 4,483,260 shares of the company’s stock valued at $26,137,000 after buying an additional 2,989,600 shares during the last quarter. Finally, Aperio Group LLC raised its stake in Telefonaktiebolaget LM Ericsson by 30.4% in the third quarter. Aperio Group LLC now owns 2,793,580 shares of the company’s stock valued at $20,142,000 after buying an additional 650,920 shares during the last quarter. 7.51% of the stock is owned by institutional investors.

About Telefonaktiebolaget LM Ericsson

Telefonaktiebolaget LM Ericsson is a Sweden-based telecommunications operator. The Company offers hardware, software and services that drive development in mobility, broadband and the cloud, creating ecosystems across various industries. Ericsson’s core businesses are Radio, Core and Transmission, and Telecom Services.

5 Day Chart for NASDAQ:ERIC

Receive News & Ratings for Telefonaktiebolaget LM Ericsson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telefonaktiebolaget LM Ericsson and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply