Shares of Ericsson (NASDAQ:ERIC) have been given an average rating of “Hold” by the nineteen ratings firms that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $5.18.

A number of equities research analysts have commented on the company. Zacks Investment Research cut Ericsson from a “hold” rating to a “strong sell” rating in a research note on Friday, October 6th. Credit Suisse Group cut Ericsson from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $6.00 to $4.65 in a research note on Tuesday, October 3rd. Canaccord Genuity reduced their price objective on Ericsson from $6.00 to $5.25 and set a “hold” rating for the company in a research note on Friday, September 22nd. BNP Paribas raised Ericsson from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 21st. Finally, Danske cut Ericsson from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st.

ILLEGAL ACTIVITY WARNING: This article was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another site, it was illegally copied and reposted in violation of U.S. & international copyright & trademark laws. The original version of this article can be viewed at https://www.americanbankingnews.com/2017/10/18/ericsson-eric-receives-average-rating-of-hold-from-analysts.html.

Several large investors have recently made changes to their positions in the stock. Boyd Watterson Asset Management LLC OH boosted its position in shares of Ericsson by 1.0% during the second quarter. Boyd Watterson Asset Management LLC OH now owns 18,092 shares of the communications equipment provider’s stock valued at $130,000 after buying an additional 174 shares during the last quarter. Greenleaf Trust boosted its position in shares of Ericsson by 2.6% during the second quarter. Greenleaf Trust now owns 31,146 shares of the communications equipment provider’s stock valued at $223,000 after buying an additional 797 shares during the last quarter. Ronald Blue & Co. LLC boosted its position in shares of Ericsson by 7.0% during the second quarter. Ronald Blue & Co. LLC now owns 19,716 shares of the communications equipment provider’s stock valued at $141,000 after buying an additional 1,283 shares during the last quarter. M&T Bank Corp boosted its position in shares of Ericsson by 3.7% during the second quarter. M&T Bank Corp now owns 65,391 shares of the communications equipment provider’s stock valued at $468,000 after buying an additional 2,326 shares during the last quarter. Finally, Advisor Group Inc. boosted its position in shares of Ericsson by 14.4% during the second quarter. Advisor Group Inc. now owns 19,964 shares of the communications equipment provider’s stock valued at $143,000 after buying an additional 2,520 shares during the last quarter. 7.95% of the stock is currently owned by institutional investors.

Ericsson (NASDAQ ERIC) opened at 5.90 on Wednesday. Ericsson has a 52-week low of $4.83 and a 52-week high of $7.47.

Ericsson (NASDAQ:ERIC) last announced its quarterly earnings data on Tuesday, July 18th. The communications equipment provider reported $0.02 EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). Ericsson had a negative net margin of 6.40% and a negative return on equity of 3.16%. The firm had revenue of $49.90 billion during the quarter, compared to analyst estimates of $50.66 billion. During the same period last year, the business posted $0.83 EPS. The company’s revenue was down 7.8% on a year-over-year basis. On average, equities analysts expect that Ericsson will post $0.07 EPS for the current fiscal year.

Ericsson Company Profile

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.

Analyst Recommendations for Ericsson (NASDAQ:ERIC)

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