Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) saw unusually large options trading on Friday. Stock investors purchased 1,238 put options on the company. This represents an increase of approximately 1,508% compared to the average volume of 77 put options.

A number of research analysts recently commented on ERIC shares. Canaccord Genuity reduced their target price on Telefonaktiebolaget LM Ericsson from $5.75 to $5.25 and set a “hold” rating on the stock in a research note on Monday, October 23rd. ValuEngine raised Telefonaktiebolaget LM Ericsson from a “sell” rating to a “hold” rating in a research note on Saturday, October 21st. BMO Capital Markets reissued a “hold” rating and issued a $6.00 target price on shares of Telefonaktiebolaget LM Ericsson in a research note on Friday, October 20th. Zacks Investment Research raised Telefonaktiebolaget LM Ericsson from a “strong sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, Citigroup cut Telefonaktiebolaget LM Ericsson from a “buy” rating to a “neutral” rating in a research note on Thursday, November 9th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $5.59.

Several large investors have recently made changes to their positions in the company. M&T Bank Corp grew its stake in shares of Telefonaktiebolaget LM 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. Advisor Group Inc. grew its stake in shares of Telefonaktiebolaget LM 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. Bank of New York Mellon Corp grew its stake in shares of Telefonaktiebolaget LM Ericsson by 3.1% during the second quarter. Bank of New York Mellon Corp now owns 96,675 shares of the communications equipment provider’s stock valued at $693,000 after buying an additional 2,891 shares during the last quarter. First Allied Advisory Services Inc. grew its stake in shares of Telefonaktiebolaget LM Ericsson by 14.1% during the second quarter. First Allied Advisory Services Inc. now owns 24,841 shares of the communications equipment provider’s stock valued at $176,000 after buying an additional 3,064 shares during the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Telefonaktiebolaget LM Ericsson by 3.6% during the second quarter. Stifel Financial Corp now owns 121,061 shares of the communications equipment provider’s stock valued at $875,000 after buying an additional 4,152 shares during the last quarter. 8.07% of the stock is currently owned by hedge funds and other institutional investors.

Telefonaktiebolaget LM Ericsson (NASDAQ ERIC) opened at $7.02 on Monday. The company has a market capitalization of $23,405.73, a price-to-earnings ratio of -11.51, a P/E/G ratio of 29.51 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.72 and a quick ratio of 1.35. Telefonaktiebolaget LM Ericsson has a 12 month low of $5.52 and a 12 month high of $7.47.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) last released its earnings results on Friday, October 20th. The communications equipment provider reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.07). Telefonaktiebolaget LM Ericsson had a negative net margin of 8.60% and a negative return on equity of 5.67%. The firm had revenue of $47.80 billion during the quarter, compared to the consensus estimate of $47.21 billion. During the same period in the prior year, the company earned $0.34 EPS. The firm’s revenue was down 6.5% compared to the same quarter last year. equities analysts forecast that Telefonaktiebolaget LM Ericsson will post -0.13 EPS for the current year.

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Telefonaktiebolaget LM 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.

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