There is little time left for Telefonaktiebolaget L M Ericsson ADR (ERIC) to reach its 1-year target estimate. How soon will it surpass it?

The stock of Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) last traded at $4.62, up 0.22% from the previous session.

Data from the available sources indicates that Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) is covered by 26 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $8.70 and a low of $3.85, we find $5.21. Given the previous closing price of $4.61, this indicates a potential upside of 13.02 percent. ERIC stock price is now -3.79% away from the 50-day moving average and -11.56% away from the 200-day moving average. The market capitalization of the company currently stands at $14.18B.

In total, 15 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $5.52 as their price target over the next twelve months.

A total of 0.00% of the company’s stock is owned by insiders.

With an opening price of $4.5700 on Friday morning, Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) set off the trading day. During the past 12 months, Telefonaktiebolaget L M Ericsson ADR has had a low of $4.33 and a high of $6.82. As of last week, the company has a debt-to-equity ratio of 0.44, a current ratio of 1.10, and a quick ratio of 0.79. The fifty day moving average price for ERIC is $4.7914 and a two-hundred day moving average price translates $5.2176 for the stock.

The latest earnings results from Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) was released for Sep, 2023. According to the Communication Equipment Company, earnings per share came in at $0.08, beating analysts’ expectations of $0.07 by 0.01. This compares to $0.15 EPS in the same period last year. The net profit margin was -8.40% and return on equity was -19.63% for ERIC. The company reported revenue of $5.96 billion for the quarter, compared to $6.46 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.64 percent. For the current quarter, analysts expect ERIC to generate $6.95B in revenue.

Telefonaktiebolaget L M Ericsson ADR(ERIC) Company Profile

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides communication infrastructure, services, and software solutions to the telecom and other sectors. It operates through four segments: Networks, Cloud Software and Services, Enterprise, and Other. The Networks segment offers radio access network solutions for various network spectrum bands, including integrated high-performing hardware and software. This segment also provides active antenna and transport solutions; and a range of service portfolio covering network deployment and support. The Cloud Software and Services segment offers core networks, business and operational support systems, network design and optimization, and network managed services. The Enterprise segment offers global communications platform including cloud-based unified communications as a service, contact center as a service, and communications platform as a service; enterprise wireless solutions comprise private wireless networks and wireless wan pre-packaged solutions; and technologies and new business solutions, such as mobile financial services, security solutions, and advertising services. The Other segment includes Redbee media that prepares and distributes live and video services for broadcasters, sports leagues, and communications service providers. It operates in North America, Europe and Latin America, the Middle East and Africa, South East Asia, Oceania, India, North East Asia, and internationally. Telefonaktiebolaget LM Ericsson (publ) was founded in 1876 and is headquartered in Stockholm, Sweden.

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