Headlines about Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) have been trending somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public 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 0.19 on Accern’s scale. Accern also gave headlines about the communications equipment provider an impact score of 46.5829746742921 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.
Here are some of the news headlines that may have effected Accern’s analysis:
- Glancy Prongay & Murray LLP Announces Investigation on Behalf of Ericsson Investors (ERIC) – Business Wire (press release) (businesswire.com)
- Revenue Approximations Analysis: Telefonaktiebolaget LM Ericsson … – TNN (tradingnewsnow.com)
- Momentum Stock in Focus – Telefonaktiebolaget LM Ericsson (publ) (ERIC) – android media cell (androidmediacell.com)
- Mover To Watch For: Telefonaktiebolaget LM Ericsson (publ) (ERIC) – The Stocks News (press release) (thestocksnews.com)
Shares of ERIC stock traded up $0.03 on Wednesday, hitting $6.60. 2,383,804 shares of the stock traded hands, compared to its average volume of 5,662,460. The company has a market cap of $22,205.44, a PE ratio of -5.32 and a beta of 0.84. Telefonaktiebolaget LM Ericsson has a one year low of $5.52 and a one year high of $7.47. The company has a quick ratio of 1.33, a current ratio of 1.59 and a debt-to-equity ratio of 0.30.
ERIC has been the subject of a number of research reports. ValuEngine cut Telefonaktiebolaget LM Ericsson from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Zacks Investment Research cut Telefonaktiebolaget LM Ericsson from a “hold” rating to a “sell” rating in a research note on Tuesday, March 6th. Canaccord Genuity reissued a “hold” rating and set a $6.00 target price (down from $6.50) on shares of Telefonaktiebolaget LM Ericsson in a research note on Thursday, February 1st. BidaskClub cut Telefonaktiebolaget LM Ericsson from a “sell” rating to a “strong sell” rating in a research note on Friday, December 29th. Finally, Bank of America cut Telefonaktiebolaget LM Ericsson from a “buy” rating to an “underperform” rating in a research note on Monday, February 5th. Five investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. Telefonaktiebolaget LM Ericsson currently has an average 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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