Ericsson (NASDAQ:ERIC) has been downgraded from Buy to Neutral in a statement by Natixis Bleichroeder earlier today.
- Updated: October 13, 2016
Natixis Bleichroeder has downgraded Ericsson (NASDAQ:ERIC) from Buy to Neutral in a statement released on Thursday October 13, 2016.
Boasting a price of $5.55, Ericsson (NASDAQ:ERIC) traded -1.26% lower on the day. With the last close down -29.20% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Ericsson has recorded a 50-day average of $6.99 and a two hundred day average of $7.74. Volume of trade was up over the average, with 8,451,723 shares of ERIC changing hands over the typical 4,875,750
With a total market value of $0, Ericsson has price-earnings ratio of 11.37 with a one year low of $5.48 and a one year high of $10.58 .
A total of 9 analysts have released a research note on ERIC. zero analysts rating the company a strong buy, one analyst rating the company a buy, nine analysts rating the company a hold, two analysts rating the company a underperform, and finally one analyst rating the company a sell with a one year target of $8.03.
More About Ericsson (NASDAQ:ERIC)
Telefonaktiebolaget LM Ericsson is a Sweden-based telecommunications operator. The Company offers hardware, software and services that drive development in mobility, broadband and the cloud, creating ecosystems across various industries. Ericsson's core businesses are Radio, Core and Transmission, and Telecom Services. Ericsson operates through three business segments: Networks, Global Services and Support Solutions. Its targeted areas include business support systems (OSS) and business support systems (BSS); television and media, and Internet protocol (IP) and cloud. Networks segment delivers products and solutions for mobile and fixed communication, various generations of radio networks, IP and transmission networks, core networks and cloud. Global Services segment delivers managed services, product-related services, consulting and systems integration services, as well as broadcast and media services. Its Support Solutions segment provides software suites for operators.
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