Headlines about Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) have trended somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Telefonaktiebolaget LM Ericsson earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the communications equipment provider an impact score of 45.9236382449211 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media headlines that may have effected Accern’s scoring:
- Mobile infrastructure 'equally as important' as roads and railways, Ericsson CEO says (finance.yahoo.com)
- T-Mobile US Deploys Ericsson Expert Analytics (finance.yahoo.com)
- Ericcson- Unlocking 5G’s Revenue Potential: a Roadmap for Operators (finance.yahoo.com)
- Ericsson CEO Eckholm Plays The Consummate Insider (finance.yahoo.com)
- Ericsson at MWC 2018: 5G Open for Business (finance.yahoo.com)
Shares of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) traded up $0.09 during mid-day trading on Monday, hitting $6.99. 5,140,000 shares of the stock traded hands, compared to its average volume of 6,540,000. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.33 and a current ratio of 1.59. The firm has a market cap of $23,270.00, a PE ratio of -5.34 and a beta of 0.92. Telefonaktiebolaget LM Ericsson has a 1 year low of $5.52 and a 1 year high of $7.47.
A number of equities research analysts have recently issued reports on ERIC shares. Zacks Investment Research raised shares of Telefonaktiebolaget LM Ericsson from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Canaccord Genuity reaffirmed a “hold” rating and set a $6.00 target price (down previously from $6.50) on shares of Telefonaktiebolaget LM Ericsson in a report on Thursday, February 1st. Citigroup lowered shares of Telefonaktiebolaget LM Ericsson from a “buy” rating to a “neutral” rating in a report on Thursday, November 9th. BidaskClub lowered shares of Telefonaktiebolaget LM Ericsson from a “sell” rating to a “strong sell” rating in a report on Friday, December 29th. Finally, Bank of America lowered shares of Telefonaktiebolaget LM Ericsson from a “buy” rating to an “underperform” rating in a report on Monday, February 5th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Telefonaktiebolaget LM Ericsson currently has an average rating of “Hold” and an average price target of $5.49.
Telefonaktiebolaget LM Ericsson Company Profile
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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