Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) is expected to be releasing its earnings data before the market opens on Tuesday, January 28th. Analysts expect Telefonaktiebolaget LM Ericsson (publ) to post earnings of $0.21 per share and revenue of $6,524,750.71 billion for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.
Telefonaktiebolaget LM Ericsson (publ) Stock Performance
NASDAQ ERIC traded up $0.17 during trading hours on Tuesday, hitting $8.71. The company had a trading volume of 12,545,351 shares, compared to its average volume of 16,420,393. The business has a 50 day moving average of $8.19 and a 200-day moving average of $7.67. The company has a market cap of $29.01 billion, a PE ratio of -290.17 and a beta of 0.79. Telefonaktiebolaget LM Ericsson has a 1-year low of $4.77 and a 1-year high of $8.74. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.95 and a current ratio of 1.19.
Wall Street Analysts Forecast Growth
A number of research firms recently issued reports on ERIC. StockNews.com upgraded Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. lifted their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the company a "neutral" rating in a report on Monday, October 21st.
Check Out Our Latest Research Report on Telefonaktiebolaget LM Ericsson (publ)
About Telefonaktiebolaget LM Ericsson (publ)
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Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.
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