Telefonaktiebolaget LM Ericsson (ERIC) to Release Quarterly Earnings on Friday
Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) is scheduled to release its earnings data before the market opens on Friday, January 25th. Analysts expect Telefonaktiebolaget LM Ericsson to post earnings of $0.15 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.
Shares of ERIC stock opened at $8.46 on Thursday. Telefonaktiebolaget LM Ericsson has a 12 month low of $6.00 and a 12 month high of $9.45. The company has a current ratio of 1.52, a quick ratio of 1.22 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $28.51 billion, a price-to-earnings ratio of -18.00 and a beta of 0.56.
Several research firms recently weighed in on ERIC. BidaskClub upgraded shares of Telefonaktiebolaget LM Ericsson from a “hold” rating to a “buy” rating in a research note on Tuesday, October 23rd. BMO Capital Markets reiterated a “hold” rating on shares of Telefonaktiebolaget LM Ericsson in a report on Thursday, October 18th. Argus upgraded shares of Telefonaktiebolaget LM Ericsson from a “hold” rating to a “buy” rating in a report on Friday, October 19th. ValuEngine upgraded shares of Telefonaktiebolaget LM Ericsson from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 18th. Finally, Canaccord Genuity raised their target price on shares of Telefonaktiebolaget LM Ericsson from $8.50 to $9.00 and gave the stock a “hold” rating in a report on Friday, September 28th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $8.54.
Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for networks, IT and cloud, and media markets worldwide. It operates through four segments: Networks, Digital Services, Managed Services, 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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