IT

Ericsson (ERIC) Upgraded to Sell at ValuEngine

Ericsson (ERIC) Upgraded to Sell at ValuEngine

Investors wait Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) to report on July, 18. its quarterly earnings Wall Street analysts expect $0.06 EPS, down $0.04 or 40.00 % from last year's $0.1 same quarter earnings.

ERIC's fiscal year ends Dec 31, 2016 and the most recent quarter started on Mar 31, 2017. Sanford C. Bernstein raised Ericsson from a "market perform" rating to an "outperform" rating in a research report on Wednesday, March 29th. Zacks Investment Research lowered Ericsson from a hold rating to a sell rating in a research report on Tuesday, March 28th.

03/08/2017 - Ericsson was upgraded to "buy" by analysts at Goldman Sachs. Bank of America Corporation reissued a "buy" rating on shares of Ericsson in a research report on Friday, June 2nd. On Friday, September 25 the stock rating was upgraded by Liberum Capital to "Buy". Danske Bank upgraded Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) on Thursday, August 27 to "Hold" rating.

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Let's take an assessment at how Telefonaktiebolaget LM Ericsson (publ) (ERIC) has been performing. Ericsson has a one year low of $4.83 and a one year high of $7.89.

Ericsson (NASDAQ:ERIC) last posted its earnings results on Tuesday, April 25th. The communications equipment provider reported ($0.27) EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.03 by $0.30. The firm had revenue of $46.40 billion for the quarter, compared to analysts' expectations of $47.36 billion. During the same quarter in the prior year, the company earned $0.87 EPS.

The stock is now moving with a Positive distance from 200-Day Simple Moving Average of about 15.68% and has a pretty decent Year to Date (YTD) Performance of 22.98% which means the stock is constantly adding to its value from previous fiscal year end price.

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10/12/2016 - Ericsson had its "hold" rating reiterated by analysts at Canaccord Genuity. OLD National Bancorp IN boosted its position in shares of Ericsson by 8.1% in the first quarter. First Allied Advisory Services Inc. purchased a new position in Ericsson during the fourth quarter worth $130,000.

Talking about profitability of the company, the profit margin percentage is -5.14% while its operating margin for the trailing twelve month is at 1.61%. Russell Investments Group Ltd. bought a new position in Ericsson during the fourth quarter worth $1,692,000. Credit Suisse AG now owns 4,542,361 shares of the communications equipment provider's stock worth $30,161,000 after buying an additional 4,093,879 shares in the last quarter. Eventide Asset Management LLC boosted its position in Ericsson by 4.3% in the fourth quarter. The most optimistic analyst sees the stock reaching $9.64 while the most conventional has $3 target price.

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Telefonaktiebolaget LM Ericsson (publ)'s short ratio is at 3.51 and the float short is at 0.54%. Institutional owners hold 10.40% stake in the company while Insiders ownership held at 0.90%.