BidaskClub lowered shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) from a buy rating to a hold rating in a report released on Tuesday morning.
A number of other analysts have also commented on the company. JPMorgan Chase & Co. raised Telefonaktiebolaget LM Ericsson from a neutral rating to an overweight rating in a report on Wednesday, September 5th. Zacks Investment Research raised Telefonaktiebolaget LM Ericsson from a hold rating to a buy rating and set a $9.75 price objective for the company in a report on Wednesday, September 19th. Canaccord Genuity boosted their price objective on Telefonaktiebolaget LM Ericsson from $8.50 to $9.00 and gave the stock a hold rating in a report on Friday, September 28th. Bank of America boosted their price objective on Telefonaktiebolaget LM Ericsson from $8.50 to $8.70 and gave the stock a neutral rating in a report on Thursday, September 13th. Finally, Credit Suisse Group raised Telefonaktiebolaget LM Ericsson from an underperform rating to a hold rating and boosted their price objective for the stock from $7.19 to $8.00 in a report on Wednesday, September 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $8.49.
Shares of ERIC opened at $8.57 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.52 and a quick ratio of 1.22. Telefonaktiebolaget LM Ericsson has a 52 week low of $5.84 and a 52 week high of $9.45.
Telefonaktiebolaget LM Ericsson Company Profile
Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for networks, IT and cloud, and media markets worldwide. It operates through four segments: Networks, Digital Services, Managed Services, 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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