Telefonaktiebolaget LM Ericsson (ERIC) to Release Earnings on Wednesday

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.

Earnings History for Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)

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