News coverage about Ericsson (NASDAQ:ERIC) has been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ericsson earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned media headlines about the communications equipment provider an impact score of 47.1816760138206 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Ericsson deal nears end: RCom to take back 4000 staff – afaqs (afaqs.com)
- 4000 RCom employees set for India return as Ericsson service contract nears end – Moneycontrol.com (moneycontrol.com)
- VodafoneZiggo selects Ericsson as sole macro RAN supplier including 5G (telegeography.com)
- Ericsson opens 5G design site in Texas (evertiq.com)
- Ericsson Reaches Analyst Target Price (nasdaq.com)
Several equities research analysts have recently commented on the company. BidaskClub cut Ericsson from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Societe Generale assumed coverage on Ericsson in a research note on Wednesday, June 14th. They issued a “hold” rating for the company. Canaccord Genuity reissued a “neutral – hold” rating and issued a $7.00 target price on shares of Ericsson in a research note on Friday, June 30th. Credit Suisse Group cut Ericsson from a “neutral” rating to an “underperform” rating and lowered their target price for the company from $6.00 to $4.65 in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research raised Ericsson from a “strong sell” rating to a “hold” rating in a research note on Monday, July 17th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. Ericsson currently has an average rating of “Hold” and a consensus price target of $5.54.
Ericsson (NASDAQ:ERIC) opened at 5.81 on Wednesday. The stock has a 50 day moving average price of $5.77 and a 200 day moving average price of $6.45. The company’s market capitalization is $19.03 billion. Ericsson has a 52-week low of $4.83 and a 52-week high of $7.47.
Ericsson (NASDAQ:ERIC) last posted its quarterly earnings data on Tuesday, July 18th. The communications equipment provider reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.03). The company had revenue of $49.90 billion during the quarter, compared to analyst estimates of $50.66 billion. Ericsson had a negative net margin of 6.40% and a negative return on equity of 3.16%. The business’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.83 earnings per share. Analysts anticipate that Ericsson will post $0.07 EPS for the current fiscal year.
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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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