Breaking Finance News

ValuEngine upgraded Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) to Sell in a report released today.

Just yesterday Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) traded 9.32% higher at $7.41. Telefonaktiebolaget LM Ericsson’s 50-day moving average is $5.78 and its 200-day moving average is $6.41. The last stock price is up 0.59% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.03% over the same time period. 14,032,735 shares of ERIC traded hands, up from an average trading volume of 5,050,650

ValuEngine has upgraded Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) to Sell in a report released on Friday June 02, 2017.

See Chart Below

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)

Telefonaktiebolaget LM Ericsson has a 52 week low of $4.83 and a one year high of $7.47 The company’s market cap is currently $0.

In addition to ValuEngine reporting its stock price target, a total of 9 brokerages have issued a ratings update on Telefonaktiebolaget LM Ericsson. The 12-month price target is $8.03 with 0 firms rating the stock a strong buy, 1 equity analyst rating the company a buy, nine equity analysts rating the company a hold, two equity analysts rating the company a underperform, and lastly one analyst rating the company a sell.

General Company Details For Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)

Telefonaktiebolaget LM Ericsson (Ericsson) provides infrastructure, services and software to the telecommunication industry and other sectors. The Company's segments include Networks, IT & Cloud and Media. The Networks segment consists of two business units: Network Products and Network Services. The overall focus is on evolving and managing access networks, including the development of hardware and software for radio access and transport networks. The IT & Cloud business includes two business units: IT & Cloud Products and IT & Cloud Services. The focus in IT & Cloud is to help telecom operators and selected enterprises through the digital transformations ahead. It develops and delivers software-based solutions for television and media and combines a product portfolio that spans the television value chain, with systems integration and managed services. The portfolio includes compression, content publishing through set-top box or pure over-the-top, content delivery and analytics.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.