News coverage about Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) has trended somewhat positive on Tuesday, Accern reports. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Telefonaktiebolaget LM Ericsson (publ) earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave news headlines about the communications equipment provider an impact score of 45.7256971177361 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- Bharti Airtel joins hands with Ericsson to develop 5G technology in India (moneycontrol.com)
- Ericsson’s 5G Test in India Achieves 5.7Gbps Speed; Apple Working on 5G iPhone Hardware! (trak.in)
- India’s 5G adoption could be on par with that of developed markets: Ericsson (bgr.in)
- Ericsson partners Airtel for deploying 5G (thehindubusinessline.com)
- Expect 1,000mbps on 5G with no bill shocks, says top Ericsson exec (timesofindia.indiatimes.com)
A number of analysts have recently weighed in on the stock. BidaskClub lowered shares of Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Canaccord Genuity reduced their price target on shares of Telefonaktiebolaget LM Ericsson (publ) from $5.75 to $5.25 and set a “hold” rating for the company in a research note on Monday, October 23rd. BMO Capital Markets reaffirmed a “hold” rating and issued a $6.00 price target on shares of Telefonaktiebolaget LM Ericsson (publ) in a research note on Friday, October 20th. Credit Suisse Group lowered shares of Telefonaktiebolaget LM Ericsson (publ) from a “neutral” rating to an “underperform” rating and cut their target price for the company from $6.00 to $4.65 in a research note on Tuesday, October 3rd. Finally, Cowen and Company lowered shares of Telefonaktiebolaget LM Ericsson (publ) to an “underperform” rating in a research note on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $5.34.
Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released its quarterly earnings data on Friday, October 20th. The communications equipment provider reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.07). The company had revenue of $47.80 billion during the quarter, compared to analyst estimates of $47.21 billion. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 9.10% and a negative return on equity of 15.00%. The firm’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.34 EPS. equities research analysts forecast that Telefonaktiebolaget LM Ericsson will post -0.13 earnings per share for the current year.
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About Telefonaktiebolaget LM Ericsson (publ)
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.
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