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:
- Ericsson (ERIC) to Report Q1 Earnings: What Lies Ahead? (finance.yahoo.com)
- Ericsson (ERIC) Stock Moves 0.31%: What You Should Know (finance.yahoo.com)
- Facebook Is Considering $1.0 Billion Africa Subsea Cable System (finance.yahoo.com)
- HTC Says Ericsson Reading Too Much Into Licensing Verdict (law360.com)
- Global Interconnectivity Helps Usher in Innovative Telecom Technologies (newswire.ca)
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.
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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