Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) has been downgraded to Neutral in a statement by Natixis earlier today.
- Updated: October 15, 2016
Natixis has downgraded Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) to Neutral in a statement released on 10/13/2016.
Boasting a price of $5.55, Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) traded -0.18% lower on the day. With the last stock price close down -29.43% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Telefonaktiebolaget LM Ericsson has recorded a 50-day average of $6.87 and a two hundred day average of $7.69. Volume of trade was up over the average, with 23,886,991 shares of ERIC changing hands over the typical 5,694,760
With a total market value of $0, Telefonaktiebolaget LM Ericsson has price-earnings ratio of 11.27 with a one year low of $5.35 and a one year high of $10.56 .
A total of 9 equity analysts have released a ratings update on ERIC. zero equity analysts rating the company a strong buy, one equity analyst rating the company a buy, nine equity analysts rating the company a hold, two equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $8.03.
Brief Synopsis About Telefonaktiebolaget LM 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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