Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) was downgraded by equities research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday.
Several other brokerages have also weighed in on ERIC. Zacks Investment Research lowered Telefonaktiebolaget LM Ericsson from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 9th. Canaccord Genuity reaffirmed a “hold” rating and issued a $6.50 target price on shares of Telefonaktiebolaget LM Ericsson in a research report on Thursday, December 21st. Citigroup lowered Telefonaktiebolaget LM Ericsson from a “buy” rating to a “neutral” rating in a research report on Thursday, November 9th. ValuEngine raised Telefonaktiebolaget LM Ericsson from a “sell” rating to a “hold” rating in a research report on Saturday, October 21st. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $6.00 target price on shares of Telefonaktiebolaget LM Ericsson in a research report on Friday, October 20th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.59.
Shares of Telefonaktiebolaget LM Ericsson (NASDAQ ERIC) opened at $6.92 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.35 and a current ratio of 1.72. The stock has a market capitalization of $22,972.29, a P/E ratio of -11.34, a P/E/G ratio of 28.97 and a beta of 1.10. Telefonaktiebolaget LM Ericsson has a 52-week low of $5.52 and a 52-week high of $7.47.
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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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