Ericsson (NASDAQ:ERIC – Get Free Report) saw some unusual options trading on Tuesday. Traders acquired 2,030 call options on the company. This represents an increase of 162% compared to the typical daily volume of 775 call options.
Ericsson Price Performance
Shares of NASDAQ:ERIC opened at $7.22 on Wednesday. Ericsson has a 12 month low of $6.41 and a 12 month high of $9.00. The firm has a market capitalization of $24.17 billion, a P/E ratio of 144.40, a P/E/G ratio of 5.64 and a beta of 0.93. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.09 and a quick ratio of 0.88. The company’s fifty day moving average price is $8.42 and its 200 day moving average price is $8.14.
Ericsson (NASDAQ:ERIC – Get Free Report) last posted its earnings results on Tuesday, April 15th. The communications equipment provider reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. Ericsson had a return on equity of 16.45% and a net margin of 0.67%. The business had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $55.83 billion. As a group, sell-side analysts predict that Ericsson will post 0.48 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
ERIC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on Ericsson from $8.90 to $9.80 and gave the stock a “neutral” rating in a research report on Friday, April 11th. Kepler Capital Markets upgraded Ericsson from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 16th. Finally, Wall Street Zen upgraded shares of Ericsson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 17th.
View Our Latest Research Report on Ericsson
About Ericsson
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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