Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) Short Interest Update

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERICGet Free Report) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 31,930,000 shares, a growth of 6.8% from the February 29th total of 29,900,000 shares. Based on an average daily volume of 15,930,000 shares, the short-interest ratio is currently 2.0 days. Currently, 1.0% of the shares of the stock are short sold.

Telefonaktiebolaget LM Ericsson (publ) Stock Performance

NASDAQ:ERIC opened at $5.46 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 0.92. The firm has a market capitalization of $18.18 billion, a price-to-earnings ratio of -7.48 and a beta of 0.76. The company’s 50-day moving average is $5.49 and its two-hundred day moving average is $5.34. Telefonaktiebolaget LM Ericsson has a 1-year low of $4.33 and a 1-year high of $6.36.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERICGet Free Report) last posted its earnings results on Monday, January 22nd. The communications equipment provider reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $6.76 billion for the quarter, compared to analyst estimates of $7.04 billion. Telefonaktiebolaget LM Ericsson (publ) had a negative net margin of 9.82% and a positive return on equity of 11.77%. During the same period in the previous year, the business posted $0.20 EPS. Analysts forecast that Telefonaktiebolaget LM Ericsson will post 0.42 EPS for the current year.

Telefonaktiebolaget LM Ericsson (publ) Increases Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, April 3rd. Stockholders of record on Friday, April 5th were issued a $0.1293 dividend. This is a positive change from Telefonaktiebolaget LM Ericsson (publ)’s previous dividend of $0.08. The ex-dividend date was Thursday, April 4th. Telefonaktiebolaget LM Ericsson (publ)’s dividend payout ratio is currently -21.92%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Barclays cut shares of Telefonaktiebolaget LM Ericsson (publ) from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 19th. UBS Group cut shares of Telefonaktiebolaget LM Ericsson (publ) from a “neutral” rating to a “sell” rating in a research note on Wednesday, January 31st. Jefferies Financial Group upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “hold” rating to a “buy” rating in a research report on Friday, December 8th. Finally, TheStreet upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “d+” rating to a “c-” rating in a research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Telefonaktiebolaget LM Ericsson (publ) currently has a consensus rating of “Hold” and a consensus target price of $5.90.

Check Out Our Latest Report on Telefonaktiebolaget LM Ericsson (publ)

Hedge Funds Weigh In On Telefonaktiebolaget LM Ericsson (publ)

Several large investors have recently made changes to their positions in ERIC. BNP Paribas Arbitrage SNC lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 2,162.5% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 33,870 shares of the communications equipment provider’s stock worth $194,000 after acquiring an additional 32,373 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 202.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 49,881 shares of the communications equipment provider’s stock worth $291,000 after acquiring an additional 33,376 shares during the last quarter. Earnest Partners LLC lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 10.1% in the 4th quarter. Earnest Partners LLC now owns 235,231 shares of the communications equipment provider’s stock worth $1,374,000 after acquiring an additional 21,523 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 31.2% in the 3rd quarter. Dorsey & Whitney Trust CO LLC now owns 13,457 shares of the communications equipment provider’s stock worth $65,000 after acquiring an additional 3,201 shares during the last quarter. Finally, First Affirmative Financial Network lifted its holdings in shares of Telefonaktiebolaget LM Ericsson (publ) by 22.0% in the 4th quarter. First Affirmative Financial Network now owns 24,086 shares of the communications equipment provider’s stock worth $152,000 after acquiring an additional 4,351 shares during the last quarter. 7.99% of the stock is currently owned by institutional investors and hedge funds.

About Telefonaktiebolaget LM Ericsson (publ)

(Get Free Report)

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.

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