Favorable Press Coverage Very Unlikely to Impact Telefonaktiebolaget LM Ericsson (ERIC) Share Price

Media coverage about Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) has been trending positive this week, according to InfoTrie Sentiment. The research group ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Telefonaktiebolaget LM Ericsson earned a media sentiment score of 2.50 on their scale. InfoTrie also assigned news coverage about the communications equipment provider an news buzz score of 2 out of 10, meaning that recent news coverage is very unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Telefonaktiebolaget LM Ericsson’s analysis:

NASDAQ:ERIC traded down $0.20 during trading on Monday, reaching $9.66. The company’s stock had a trading volume of 7,385,361 shares, compared to its average volume of 5,657,687. The company has a market capitalization of $32.87 billion, a PE ratio of 322.00, a price-to-earnings-growth ratio of 0.74 and a beta of 0.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.45 and a quick ratio of 1.19. Telefonaktiebolaget LM Ericsson has a 12 month low of $6.28 and a 12 month high of $9.89.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) last announced its quarterly earnings data on Friday, January 25th. The communications equipment provider reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.22). The business had revenue of $63.80 billion during the quarter, compared to the consensus estimate of $61.50 billion. Telefonaktiebolaget LM Ericsson had a negative net margin of 2.91% and a positive return on equity of 1.32%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned ($1.19) EPS. Sell-side analysts anticipate that Telefonaktiebolaget LM Ericsson will post 0.32 earnings per share for the current year.

A number of equities analysts have recently weighed in on the company. BidaskClub raised Telefonaktiebolaget LM Ericsson from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research lowered Telefonaktiebolaget LM Ericsson from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 14th. ValuEngine raised Telefonaktiebolaget LM Ericsson from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 5th. Finally, Raymond James upgraded Telefonaktiebolaget LM Ericsson from an “underperform” rating to a “market perform” rating in a report on Thursday, December 20th. One analyst has rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $8.54.

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About Telefonaktiebolaget LM Ericsson

Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for service providers. It operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment provides mobile radio access networks, transport solutions, and site solutions, as well as related services, such as network rollout, network tuning, and customer support.

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