News coverage about Ericsson (NASDAQ:ERIC) has been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ericsson earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news coverage about the communications equipment provider an impact score of 46.6958001912139 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the media stories that may have effected Accern Sentiment’s analysis:

ERIC has been the subject of a number of research reports. Citigroup Inc. initiated coverage on shares of Ericsson in a research report on Thursday, June 8th. They issued a “buy” rating for the company. Bank of America Corporation reissued a “buy” rating on shares of Ericsson in a research report on Friday, June 2nd. BidaskClub cut shares of Ericsson from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 27th. Societe Generale initiated coverage on shares of Ericsson in a research report on Wednesday, June 14th. They issued a “hold” rating for the company. Finally, Canaccord Genuity reissued a “hold” rating and issued a $6.00 price target on shares of Ericsson in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $5.95.

Shares of Ericsson (NASDAQ:ERIC) opened at 6.10 on Wednesday. Ericsson has a one year low of $4.83 and a one year high of $7.55.

Ericsson (NASDAQ:ERIC) last posted its quarterly earnings results on Tuesday, July 18th. The communications equipment provider reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.03. Ericsson had a negative return on equity of 3.16% and a negative net margin of 6.40%. The business had revenue of $49.90 billion during the quarter, compared to the consensus estimate of $50.66 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. The company’s quarterly revenue was down 7.8% compared to the same quarter last year. Analysts anticipate that Ericsson will post $0.23 earnings per share for the current year.

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Ericsson Company Profile

Telefonaktiebolaget LM Ericsson (Ericsson) provides infrastructure, services and software to the telecommunication industry and other sectors. The Company’s segments include Networks, IT & Cloud and Media. The Networks segment consists of two business units: Network Products and Network Services. The overall focus is on evolving and managing access networks, including the development of hardware and software for radio access and transport networks.

Insider Buying and Selling by Quarter for Ericsson (NASDAQ:ERIC)

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