Ericsson (NASDAQ:ERIC – Get Free Report) has earned an average rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $11.00.
ERIC has been the topic of a number of analyst reports. Weiss Ratings downgraded Ericsson from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, August 28th. Danske raised Ericsson from a “hold” rating to a “buy” rating in a research report on Wednesday, July 15th. Finally, Citigroup reiterated a “neutral” rating on shares of Ericsson in a research note on Wednesday, July 15th.
Read Our Latest Stock Analysis on ERIC
Institutional Investors Weigh In On Ericsson
Ericsson Price Performance
NASDAQ ERIC opened at $10.10 on Friday. The company has a market cap of $34.05 billion, a PE ratio of 12.95, a P/E/G ratio of 1.86 and a beta of 0.95. The firm’s 50 day moving average price is $10.23 and its 200-day moving average price is $11.28. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.89 and a current ratio of 1.12. Ericsson has a 52-week low of $7.87 and a 52-week high of $13.77.
Ericsson (NASDAQ:ERIC – Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The communications equipment provider reported $0.13 EPS for the quarter. The company had revenue of $5.43 billion during the quarter. Ericsson had a net margin of 10.72% and a return on equity of 20.63%. Sell-side analysts forecast that Ericsson will post 0.61 EPS for the current fiscal year.
Ericsson Dividend Announcement
The company also recently disclosed a dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 29th were paid a dividend of $0.1579 per share. The ex-dividend date was Tuesday, September 29th. Ericsson’s payout ratio is 28.21%.
Ericsson Company Profile
Ericsson AB is a Swedish multinational telecommunications equipment and services company headquartered in Stockholm. Founded in 1876 by Lars Magnus Ericsson, the company designs, develops and sells infrastructure, software and services that enable mobile and fixed-line networks worldwide. Ericsson serves a global customer base that includes mobile network operators, enterprise customers and public-sector organizations across Europe, the Americas, Asia-Pacific, the Middle East and Africa.
The company’s core activities center on building and modernizing network infrastructure, with a particular focus on radio access networks (RAN), core network software, cloud-native solutions and network management systems.
Further Reading
- Five stocks we like better than Ericsson
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
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.
