Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERICFree Report) from a hold rating to a buy rating in a research report sent to investors on Friday morning.

ERIC has been the subject of a number of other research reports. Barclays downgraded shares of Telefonaktiebolaget LM Ericsson (publ) from an equal weight rating to an underweight rating in a research note on Friday, January 19th. TheStreet upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a d+ rating to a c- rating in a report on Tuesday, January 9th. JPMorgan Chase & Co. cut their price target on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.81 to $5.58 and set a neutral rating on the stock in a report on Wednesday, April 17th. Finally, UBS Group cut shares of Telefonaktiebolaget LM Ericsson (publ) from a neutral rating to a sell rating in a report on Wednesday, January 31st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Telefonaktiebolaget LM Ericsson (publ) presently has an average rating of Hold and an average target price of $5.58.

View Our Latest Stock Report on ERIC

Telefonaktiebolaget LM Ericsson (publ) Price Performance

Shares of NASDAQ ERIC opened at $5.10 on Friday. Telefonaktiebolaget LM Ericsson has a fifty-two week low of $4.33 and a fifty-two week high of $6.36. The company has a 50 day simple moving average of $5.36 and a two-hundred day simple moving average of $5.35. The company has a market capitalization of $16.98 billion, a price-to-earnings ratio of -7.29 and a beta of 0.76. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.92 and a current ratio of 1.22.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERICGet Free Report) last announced its earnings results on Monday, January 22nd. The communications equipment provider reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 9.75% and a positive return on equity of 11.93%. The business had revenue of $6.76 billion during the quarter, compared to the consensus estimate of $7.04 billion. During the same quarter last year, the firm earned $0.20 earnings per share. Analysts expect that Telefonaktiebolaget LM Ericsson will post 0.4 EPS for the current fiscal year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, April 3rd. Investors of record on Friday, April 5th were issued a $0.1293 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This is a boost from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.08. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio (DPR) is currently -24.29%.

Institutional Investors Weigh In On Telefonaktiebolaget LM Ericsson (publ)

Several institutional investors and hedge funds have recently added to or reduced their stakes in ERIC. Allspring Global Investments Holdings LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the first quarter worth approximately $36,000. Planned Solutions Inc. purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth approximately $38,000. NBC Securities Inc. boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 258.1% in the first quarter. NBC Securities Inc. now owns 10,744 shares of the communications equipment provider’s stock worth $59,000 after purchasing an additional 7,744 shares during the last quarter. Lake Street Advisors Group LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter worth approximately $64,000. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 31.2% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 13,457 shares of the communications equipment provider’s stock worth $65,000 after purchasing an additional 3,201 shares during the last quarter. Hedge funds and other institutional investors own 7.99% of the company’s stock.

Telefonaktiebolaget LM Ericsson (publ) Company Profile

(Get Free Report)

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.

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Analyst Recommendations for Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

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