Media coverage about Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) has been trending extremely negative recently, InfoTrie Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Telefonaktiebolaget LM Ericsson earned a media sentiment score of -4.37 on their scale. InfoTrie also gave news coverage about the communications equipment provider an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the near future.

These are some of the news headlines that may have effected Telefonaktiebolaget LM Ericsson’s score:

A number of equities research analysts have recently issued reports on the stock. BidaskClub downgraded shares of Telefonaktiebolaget LM Ericsson from a “hold” rating to a “sell” rating in a research report on Saturday, November 23rd. Canaccord Genuity upgraded Telefonaktiebolaget LM Ericsson from a “hold” rating to a “buy” rating in a report on Tuesday, October 1st. New Street Research started coverage on Telefonaktiebolaget LM Ericsson in a report on Friday, October 18th. They issued a “neutral” rating on the stock. ValuEngine raised Telefonaktiebolaget LM Ericsson from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. Finally, Zacks Investment Research cut Telefonaktiebolaget LM Ericsson from a “buy” rating to a “hold” rating and set a $10.00 price objective for the company. in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $10.07.

NASDAQ ERIC traded up $0.09 during trading hours on Friday, reaching $9.23. The company’s stock had a trading volume of 6,137,510 shares, compared to its average volume of 3,593,889. The stock has a market cap of $30.21 billion, a PE ratio of 307.67 and a beta of 0.56. Telefonaktiebolaget LM Ericsson has a fifty-two week low of $7.58 and a fifty-two week high of $10.46. The company’s 50-day moving average is $9.02 and its two-hundred day moving average is $8.88. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.05 and a current ratio of 1.34.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) last announced its earnings results on Thursday, October 17th. The communications equipment provider reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.27). The business had revenue of $57.13 billion for the quarter, compared to analyst estimates of $56.60 billion. Telefonaktiebolaget LM Ericsson had a negative return on equity of 4.44% and a negative net margin of 3.89%. The business’s revenue was up 6.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 EPS. Equities analysts expect that Telefonaktiebolaget LM Ericsson will post 0.44 earnings per share for the current fiscal year.

Telefonaktiebolaget LM Ericsson Company Profile

Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for service providers. It operates through four segments: Networks, Digital Services, Managed Services, and Emerging Business 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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