Telefonaktiebolaget LM Ericsson (ERIC) Receiving Somewhat Positive News Coverage, Study Shows

Media coverage about Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Telefonaktiebolaget LM Ericsson earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media headlines about the communications equipment provider an impact score of 46.4013316944624 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern’s rankings:

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Shares of Telefonaktiebolaget LM Ericsson stock traded down $0.19 during trading on Thursday, hitting $6.41. The stock had a trading volume of 3,108,053 shares, compared to its average volume of 5,616,846. The company has a market capitalization of $21,905.37, a price-to-earnings ratio of -5.17 and a beta of 0.84. Telefonaktiebolaget LM Ericsson has a 12 month low of $5.52 and a 12 month high of $7.47. The company has a current ratio of 1.59, a quick ratio of 1.33 and a debt-to-equity ratio of 0.30.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) last issued its quarterly earnings results on Wednesday, January 31st. The communications equipment provider reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.18). The firm had revenue of $57.20 billion during the quarter, compared to the consensus estimate of $58.24 billion. Telefonaktiebolaget LM Ericsson had a negative net margin of 17.57% and a negative return on equity of 11.30%. The business’s revenue for the quarter was down 12.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 earnings per share. analysts expect that Telefonaktiebolaget LM Ericsson will post 0.03 earnings per share for the current fiscal year.

Several research firms have weighed in on ERIC. Zacks Investment Research upgraded Telefonaktiebolaget LM Ericsson from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine upgraded Telefonaktiebolaget LM Ericsson from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Canaccord Genuity restated a “hold” rating and issued a $6.00 price target (down from $6.50) on shares of Telefonaktiebolaget LM Ericsson in a report on Thursday, February 1st. BidaskClub upgraded Telefonaktiebolaget LM Ericsson from a “strong sell” rating to a “sell” rating in a report on Tuesday, February 13th. Finally, Bank of America lowered 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 assigned a hold rating and two have given a buy rating to the company. Telefonaktiebolaget LM Ericsson has a consensus rating of “Hold” and an average target price of $4.91.

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About Telefonaktiebolaget LM Ericsson

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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