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Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.

Having a price of $6.71, Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) traded 0.15% higher on the day. With the last stock price down 16.35% relative to the 200-day moving average, compared with the S&P 500 which has decreased -0.01% over the same time period. Telefonaktiebolaget LM Ericsson has recorded a 50-day average of $7.19 and 200-day moving average of $8.03. 1,010,392 shares of Telefonaktiebolaget LM Ericsson traded, down from ann avg. volume of 3,910,730

Zacks Investment Research has downgraded Telefonaktiebolaget LM Ericsson(NASDAQ:ERIC) to Sell in a statement released 9/20/2016.

See Chart Below:

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)

Also covering Telefonaktiebolaget LM Ericsson’s stock price target, a total of 9 brokers have issued a research note on Telefonaktiebolaget LM Ericsson. The consensus target stock price is $8.03 with 0 rating the company a strong buy, one firm rating the stock a buy, nine analysts rating the stock a hold, two analysts rating the company to underperform, and lastly one firm rating the stock as sell.

With a market capitalization of $0.0, Telefonaktiebolaget LM Ericsson has a 52 week low of $6.68 and a 52 week high of $10.58 with a price-earnings ratio of 14.

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, and as well as broadcast and media services. Its Support Solutions segment provides software suites for operators.

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