Impact of Brokerage Rating on Ericsson(ERIC)

Many Ericsson(ERIC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Ericsson (ADR) was Upgraded by Charter Equity to Mkt Perform on Jan 27, 2017. Ericsson (ADR) was Downgraded by Goldman to Sell on Jan 19, 2017. Ericsson (ADR) was Upgraded by BofA/Merrill to Buy on Dec 16, 2016.

Ericsson (ADR) Last issued its quarterly earnings results on Jan 26, 2017. The company reported $0.62 EPS for the quarter, missing the analyst consensus estimate by $ -0.26. Analyst had a consensus of $0.88. The company had revenue of $65200.00 million for the quarter, compared to analysts expectations of $59001.66 million. The companys revenue was down -11.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.50 EPS.

Ericsson (NASDAQ:ERIC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 3 by 10 Brokerage Firm. 1 Wall Street Firms have rated the stock as a strong buys. 8 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.

Ericsson (NASDAQ:ERIC): 4 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $5.38 in Ericsson (NASDAQ:ERIC). However, the stock price could fluctuate by $ 1.53 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $8 price target with the lower price estimate is calculated at $4

Ericsson (NASDAQ:ERIC) rose 1.05% or 0.06 points on Tuesday and made its way into the gainers of the day. After trading began at $5.73 the stock was seen hitting $5.78 as a peak level and $5.73 as the lowest level. The stock ended up at $5.78. The daily volume was measured at 2,590,475 shares. The 52-week high of the share price is $10.2 and the 52-week low is $4.83. The company has a market cap of $18,895 million.

Ericsson is a world-leading supplier in the fast-growing and dynamic telecommunications and data communications industry, offering advanced communications solutions for mobile and fixed networks, as well as consumer products. The company is a total solutions supplier for all customer segments: network operators and service providers, enterprises and consumers. The company has the worlds largest customer base in the telecommunications field.


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