Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC - Get Free Report) announced its quarterly earnings data on Friday. The communications equipment provider reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.04), Zacks reports. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 0.47% and a positive return on equity of 13.31%.
Telefonaktiebolaget LM Ericsson (publ) Price Performance
ERIC stock traded down $1.28 during trading on Friday, hitting $7.62. 43,117,757 shares of the stock traded hands, compared to its average volume of 17,971,066. The stock has a market cap of $25.39 billion, a price-to-earnings ratio of -254.00 and a beta of 0.79. Telefonaktiebolaget LM Ericsson has a one year low of $4.77 and a one year high of $8.90. The company has a current ratio of 1.19, a quick ratio of 0.95 and a debt-to-equity ratio of 0.39. The company has a 50 day simple moving average of $8.23 and a 200 day simple moving average of $7.70.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. StockNews.com upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. raised their target price on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the stock a "neutral" rating in a research report on Monday, October 21st.
View Our Latest Analysis on ERIC
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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