News articles about Ericsson (NASDAQ:ERIC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing 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. Ericsson earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned media coverage 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 impact on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Global Mobile Data Monitoring(MDM) Market 2017 – Alcatel-Lucent, Compuware, Ericsson, Nokia Solutions and … (themobileherald.com)
- Vodafone and Ericsson achieve 5G breakthrough (siliconrepublic.com)
- Communication Equipment Stocks’ Research Reports Released on Ericsson, Viavi Solutions, Ceragon Networks, and CommScope (prnewswire.com)
- Trifork’s Ericsson 4 looking to post another win (mysailing.com.au)
- United States: Patent Damages: How Many Essential Features In A Smart Phone? (mondaq.com)
Ericsson stock opened at $6.28 on Friday. The company has a quick ratio of 1.33, a current ratio of 1.59 and a debt-to-equity ratio of 0.30. Ericsson has a fifty-two week low of $5.52 and a fifty-two week high of $7.47. The company has a market cap of $20,538.36, a PE ratio of -13.36 and a beta of 0.82.
A number of research analysts have recently weighed in on the company. BidaskClub lowered Ericsson from a “sell” rating to a “strong sell” rating in a research report on Friday. Zacks Investment Research downgraded shares of Ericsson from a “hold” rating to a “sell” rating in a report on Tuesday. Canaccord Genuity reaffirmed a “hold” rating and issued a $6.00 price target (down previously from $6.50) on shares of Ericsson in a report on Thursday, February 1st. ValuEngine raised shares of Ericsson from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Finally, Bank of America downgraded shares of Ericsson from a “buy” rating to an “underperform” rating in a report on Monday, February 5th. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Ericsson presently has a consensus rating of “Hold” and an average price target of $4.91.
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Ericsson Company Profile
Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for networks, IT and cloud, and media markets worldwide. It operates through four segments: Networks, Digital Services, Managed Services, and Other. The Networks segment provides mobile radio access networks, transport solutions, and site solutions, as well as related services, such as network rollout, network tuning, and customer support.
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