Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) shares reached a new 52-week high on Friday . The stock traded as high as $9.62 and last traded at $9.62, with a volume of 200409 shares traded. The stock had previously closed at $9.47.

Several research analysts have weighed in on the company. BidaskClub cut Telefonaktiebolaget LM Ericsson from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Zacks Investment Research restated a “hold” rating on shares of Telefonaktiebolaget LM Ericsson in a research note on Monday, December 31st. ValuEngine lowered Telefonaktiebolaget LM Ericsson from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, November 21st. Finally, Raymond James upgraded Telefonaktiebolaget LM Ericsson from an “underperform” rating to a “market perform” rating in a research note on Thursday, December 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $8.54.

The company has a market cap of $31.94 billion, a PE ratio of 321.00, a price-to-earnings-growth ratio of 0.74 and a beta of 0.52. The company has a quick ratio of 1.19, a current ratio of 1.45 and a debt-to-equity ratio of 0.35.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) last issued its earnings results on Friday, January 25th. The communications equipment provider reported ($0.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.22). The firm had revenue of $63.80 billion during the quarter, compared to the consensus estimate of $61.50 billion. Telefonaktiebolaget LM Ericsson had a negative net margin of 2.91% and a positive return on equity of 1.32%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.19) earnings per share. As a group, equities analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.3 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the business. Advisors Asset Management Inc. bought a new stake in shares of Telefonaktiebolaget LM Ericsson during the 4th quarter valued at $42,000. Two Sigma Investments LP bought a new stake in shares of Telefonaktiebolaget LM Ericsson during the 4th quarter valued at $94,000. Private Advisor Group LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson during the 4th quarter valued at $110,000. First Allied Advisory Services Inc. bought a new stake in shares of Telefonaktiebolaget LM Ericsson during the 4th quarter valued at $125,000. Finally, Atlas Capital Advisors LLC bought a new stake in shares of Telefonaktiebolaget LM Ericsson during the 4th quarter valued at $152,000. Hedge funds and other institutional investors own 7.73% of the company’s stock.

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Telefonaktiebolaget LM Ericsson Company Profile (NASDAQ:ERIC)

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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