Investment Analysts’ Weekly Ratings Updates for Telefonaktiebolaget LM Ericsson (publ) (ERIC)

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC) recently received a number of ratings updates from brokerages and research firms:

  • 1/23/2023 – Telefonaktiebolaget LM Ericsson (publ) was downgraded by analysts at The Goldman Sachs Group, Inc. from a “neutral” rating to a “sell” rating.
  • 1/23/2023 – Telefonaktiebolaget LM Ericsson (publ) had its price target lowered by analysts at Cowen Inc from $10.00 to $8.00. They now have an “outperform” rating on the stock.
  • 1/22/2023 – Telefonaktiebolaget LM Ericsson (publ) had its price target lowered by analysts at Raymond James from $10.50 to $7.50.
  • 1/17/2023 – Telefonaktiebolaget LM Ericsson (publ) was downgraded by analysts at DNB Markets from a “hold” rating to a “sell” rating.
  • 1/17/2023 – Telefonaktiebolaget LM Ericsson (publ) had its price target raised by analysts at Cowen Inc from $8.00 to $10.00. They now have an “outperform” rating on the stock.
  • 1/16/2023 – Telefonaktiebolaget LM Ericsson (publ) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 1/10/2023 – Telefonaktiebolaget LM Ericsson (publ) was downgraded by analysts at BNP Paribas from an “outperform” rating to a “neutral” rating.
  • 12/19/2022 – Telefonaktiebolaget LM Ericsson (publ) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
  • 12/13/2022 – Telefonaktiebolaget LM Ericsson (publ) had its price target raised by analysts at Barclays PLC from SEK 85 to SEK 90.
  • 12/11/2022 – Telefonaktiebolaget LM Ericsson (publ) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
  • 12/9/2022 – Telefonaktiebolaget LM Ericsson (publ) had its price target raised by analysts at Societe Generale from SEK 55 to SEK 64.
  • 12/3/2022 – Telefonaktiebolaget LM Ericsson (publ) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

Shares of ERIC stock traded down $0.01 during trading on Wednesday, reaching $5.72. 10,169,408 shares of the company’s stock were exchanged, compared to its average volume of 12,183,469. The firm’s fifty day moving average price is $6.09 and its 200-day moving average price is $6.49. The stock has a market capitalization of $19.05 billion, a PE ratio of 10.40 and a beta of 0.54. Telefonaktiebolaget LM Ericsson has a twelve month low of $5.16 and a twelve month high of $12.78. The company has a quick ratio of 0.82, a current ratio of 1.19 and a debt-to-equity ratio of 0.20.

Institutional Trading of Telefonaktiebolaget LM Ericsson (publ)

Several institutional investors have recently added to or reduced their stakes in the company. Credit Suisse AG lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 34.2% during the 3rd quarter. Credit Suisse AG now owns 4,921,179 shares of the communications equipment provider’s stock valued at $28,247,000 after acquiring an additional 1,252,947 shares during the period. Russell Investments Group Ltd. bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) during the 3rd quarter valued at $1,847,000. George Kaiser Family Foundation lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 16.1% during the 3rd quarter. George Kaiser Family Foundation now owns 286,814 shares of the communications equipment provider’s stock valued at $1,646,000 after acquiring an additional 39,876 shares during the period. Finally, BNP Paribas Arbitrage SNC lifted its position in shares of Telefonaktiebolaget LM Ericsson (publ) by 2,162.5% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 33,870 shares of the communications equipment provider’s stock valued at $194,000 after acquiring an additional 32,373 shares during the period. 7.94% of the stock is currently owned by institutional investors.

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecom and other sectors. It operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business and Other. The Networks segment offers radio access network solutions for various network spectrum bands, including integrated high-performing hardware and software.

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