Ericsson (ERIC) Shares are Down -1.89%

Ericsson (ERIC) : During the past 4 weeks, traders have been relatively bearish on Ericsson (ERIC), hence the stock is down -6.65% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.41% relative to the S&P 500. The 4-week change in the price of the stock is -8.54% and the stock has fallen -1.89% in the past 1 week.

The stock has recorded a 20-day Moving Average of 5.69% and the 50-Day Moving Average is 7.73%.The 200 Day SMA reached 18% Telefonaktiebolaget LM Ericsson (publ) has dropped 11.99% during the last 3-month period . Year-to-Date the stock performance stands at -26.66%.


Ericsson (ERIC) : 3 investment research analysts covering Ericsson (ERIC) have an average price target of $6.6 for the near short term. The highest target price given by the Brokerage Firm to the stock is $8 and the lowest target is $6 for the short term. Analysts expect the variance to be within $1.04 of the average price.

Company shares have received an average consensus rating of Hold for the current week Ericsson (NASDAQ:ERIC): stock was range-bound between the intraday low of $6.71 and the intraday high of $6.76 after having opened at $6.74 on Fridays session. The stock finally closed in the red at $6.74, a loss of -1.17%. The stock remained in the red for the whole trading day. The total traded volume was 3,572,087 shares. The stock failed to cross $6.76 in Fridays trading. The stocks closing price on Thursday was $6.75.

Telefonaktiebolaget LM Ericsson (Ericsson) is a provider of communications technology and services. Ericsson offers services, software and infrastructure for mobility, broadband and the cloud in telecom industry and other sectors. Its two core businesses are Radio, Core and Transmission and Telecom Services. Ericsson operates in four business segments: Networks, Global Services, Support Solutions and Modems. It invests in five targeted areas: Internet protocol (IP) Networks; Cloud; operations and business support systems (OSS) and business support systems (BSS); TV and Media, and Industry and Society. Radio, Core and Transmission, as well as IP Networks and Cloud report into Networks segment and Telecom Services report into Global Services segment. The product and software deliveries of OSS and BSS, TV & Media, report into Support Solutions segment, while services related to these areas report into Global Services segment. Industry and Society reports into Global Services segment.

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