Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) will release its earnings data before the market opens on Wednesday, January 31st. Analysts expect Telefonaktiebolaget LM Ericsson to post earnings of $0.05 per share for the quarter.
Telefonaktiebolaget LM Ericsson (ERIC) opened at $7.01 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.72 and a debt-to-equity ratio of 0.24. The company has a market cap of $23,050.00, a price-to-earnings ratio of -10.01, a price-to-earnings-growth ratio of 29.09 and a beta of 1.10. Telefonaktiebolaget LM Ericsson has a one year low of $5.52 and a one year high of $7.47.
A number of research firms have commented on ERIC. BidaskClub lowered shares of Telefonaktiebolaget LM Ericsson from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 25th. Zacks Investment Research lowered shares of Telefonaktiebolaget LM Ericsson from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 9th. Canaccord Genuity reiterated a “hold” rating and set a $6.50 price target on shares of Telefonaktiebolaget LM Ericsson in a research note on Thursday, December 21st. Citigroup lowered shares of Telefonaktiebolaget LM Ericsson from a “buy” rating to a “neutral” rating in a research note on Thursday, November 9th. Finally, ValuEngine upgraded shares of Telefonaktiebolaget LM Ericsson from a “sell” rating to a “hold” rating in a research note on Saturday, October 21st. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.59.
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About Telefonaktiebolaget LM Ericsson
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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