Somewhat Positive Press Coverage Somewhat Unlikely to Affect Ericsson (NASDAQ:ERIC) Share Price

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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:

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.

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

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.

Insider Buying and Selling by Quarter for Ericsson (NASDAQ:ERIC)

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