Telefonactibolaget LM Ericsson (Publication) [NASDAQ: ERIC] Loss -0.66% in the last trading session, reaching a price of $6.06 per share at that time. The company reported on November 21, 2022 that the Illinois Electric Cooperative has selected Ericsson, ExtremeLTE, to connect underserved rural communities.
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The initiative is part of the FCC’s Connect America Fund Phase II program to expand access to broadband services in rural America.
The new partnership allows Illinois Electric Cooperative to utilize state-of-the-art 4G Massive MIMO to deliver improved performance.
Telefonaktiebolaget LM Ericsson (publ) represents 3.33 billion in outstanding shares, while the company’s total market value as of the latest information is $20.38 billion. ERIC’s share price has been found in the range of $6.01 to $6.0657.
If compared to the average trading volume of 9.72M shares, ERIC reached a trading volume of 7907323 in the most recent trading day, which is why market watchdogs consider the stock as active.
Telefonactionbolaget What top equity market gurus are saying about LM Ericsson [publ] [ERIC],
Based on careful and fact-backed analyzes by Wall Street experts, the current consensus on the target price for ERIC shares is $10.53 per share. Target prices and analysis on the performance of stocks are usually carefully studied by market experts, and the current Wall Street consensus on ERIC stock is a recommendation at 2.70. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.
Morgan Stanley has a hold outlook for Telefonaktiebolaget LM Ericsson (Public) shares, keeping its view on the stock as equal-weight, with its previous recommendation on November 08, 2022. While these analysts maintained their previous recommendation, Goldman raised their target price from $10.80 to $6.10. The new note on price target was issued on October 24, 2022, which represents the official price target for Telefonaktiebolaget LM Ericsson (publ) stock.
The Average True Range (ATR) for Telefonaktiebolaget LM Ericsson (publ) is set at 0.19, The Price to Sales ratio for ERIC stock over the trailing 12 months period is 0.84. The Price to Book ratio for the previous quarter was 1.55, the Price to Cash per Share for the same quarter was set at 1.22. Price to Free Cash Flow for ERIC over the trailing twelve months was 14.56, with a quick ratio of 0.80 for the last quarter.
Trading Performance Analysis for ERIC Stock
Telefonactibolaget LM Ericsson (Publication) [ERIC] It fell into the red zone at the end of last week, fell into a negative trend and fell -1.78. With this latest performance, ERIC shares are up 9.39% in the last four-week period as well as down -24.06% in the last 6 months — referencing a -44.51% decline in the last year of trading. Not there.
Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ERIC stock for the past two-week period is set at 54.64, with the RSI for the last one trading hit at 59.38, and the three-week RSI for Telefonaktiebolaget LM Ericsson (publ) is set at 50.88. [ERIC], The current moving average for the last 50 days of trading for this stock is 6.01, while it was recorded at 6.10 for the last one week and 7.73 for the last 200 days.
Telefonactibolaget lm ericsson [publ] [ERIC]: A Deep Dive into Fundamental Analysis
The operating margin for any stock indicates how profitable an investment will be, and Telefonaktiebolaget LM Ericsson (publication) [ERIC] The shares currently have an Operating Margin of +14.04 and Gross Margin at +43.49. The Net Margin of Telefonaktiebolaget LM Ericsson (publ) is currently recorded at +9.77.
Looking at the latest momentum, the return on total capital for ERIC now stands at 23.91, and the return on invested capital for the company stands at 17.86. The Return on Equity for this stock is tilted at 23.22, with the Return on Assets sitting at 7.81. When it comes to the capital structure of this company, Telefonaktiebolaget LM Ericsson (publ) [ERIC] The total debt to total equity ratio is set at 37.82. Additionally, ERIC total debt to total capital is recorded at 27.44, with total debt to total assets ending at 13.38. The long-term debt to equity for the company stands at 26.95, the long-term debt to total capital now stands at 19.56.
Reflecting on the efficiency of the workforce in the company, Telefonaktiebolaget LM Ericsson (Publication) [ERIC] Managed to generate an average of $223,979 per employee. The Receivables Turnover for the company stands at 3.35, with the Total Assets Turnover recorded at a value of 0.80. Liquidity data from Telefonactibolaget LM Ericsson (Public) is equally interesting, with a quick ratio of 0.80 and a current ratio set at 1.20.
Telefonactibolaget LM Ericsson (Publication) [ERIC]: Earnings Per Share (EPS) Analysis
The company’s progress can be viewed through the prism of EPS growth rates, while Wall Street analysts are focusing on predicting 5-year EPS growth rates for ERIC. When it comes to quoted price, analysts are expecting a 5-Year EPS growth rate of 9.23% for Telefonaktiebolaget LM Ericsson (publ).
Analysis of insider ownership in Telefonaktiebolaget LM Ericsson [publ] [ERIC]
Institutional investors currently hold approximately $1,627 million, or 8.30%, of ERIC stock in hand. The top three institutional holders of ERIC stock are: PRIMECAP MANAGEMENT CO/CA/ with ownership of 82,414,721, which is approximately -7.763% of the company’s market cap and approximately 0.90% of total institutional ownership; HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC holds 41,745,450 shares of stock in ERIC stock shares with an approximate value of $252.98 million; and SRB CORP, with $110.17 million in ERIC stock currently owning approximately 22.94% of the company’s market capitalization.
Shares positions held by institutional investors in Telefonaktiebolaget LM Ericsson (publ) shares increased at the end of October and during the October reporting period, where 119 institutional holders increased their positions in Telefonaktiebolaget LM Ericsson (publ) [NASDAQ:ERIC] By approximately 29,419,670 shares. Additionally, 162 investors reduced positions by approximately 48,363,798 shares, while 73 investors maintained positions by approximately 190,735,402 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 268,518,870 shares. There were 35 new institutional investments for a total of 2,318,431 shares in ERIC stock, while 49 institutional investors sold 11,118,249 shares during the same period.