Ericsson (NASDAQ:ERIC) Earns Daily News Impact Score of 0.23

Ericsson (NASDAQ:ERIC) Earns Daily News Impact Score of 0.23

Ericsson (NASDAQ:ERIC) Earns Daily News Impact Score of 0.23

The firm exchanged a volume of 12.57 million shares at hands. The stock presently has a consensus rating of "Hold" and a consensus price target of $5.95.

During the trading day, the stock price fluctuated between $6.11 and $6.2. The stock hit its 52-week high on 08/23/16, and 52-week low on 11/01/16. The current consensus recommendation provided by covering analysts is 2.60. This recommendation lands on a scale between 1 and 5. A recommendation of 1 or 2 would represent a consensus Buy. One may say buy while other recommend sell. 22 told the investors of the company to "Hold" stock.

Below is a list of Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) latest ratings and price target changes.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)'s stock on Monday traded at beginning when day-trade ended the stock finally slumped -2.02% to reach at $7.28.

According to Zacks, "Over the past one year, Ericsson's shares have underperformed the Zacks categorized Wireless Equipment industry's average return". While for the next 5 years, the growth estimate is 30.85%. During the same period previous year, the firm earned $0.83 earnings per share.

Price/Earnings to growth ratio for the company is 0.74 and the stock shows its Price/Sales (ttm) of 0.74 and Price/Book for the most recent quarter of 1.35.

Current ratio is about 1.67. The company was able to keep return on investment at 2.50% in the last twelve months. A total volume of 12.57 million shares were traded versus to average volume of 5.19 million shares.

The company declined -2.02% and closed its last trading session at $7.43. For the week, the stock is performing -17.69%. As traders, we are more interested to take part in strong moves and don't join moves that show weakness - or we may even watch for an entry in the opposite direction of a weak move. However, most financial instruments are traded after hours which mean that the closing price of a stock might not match the after-hours price. The closing prices are compared day-by-day to look for trends and can measure market sentiment for any security over the course of a trading day. The company was initiated on Friday, March 11 by Wells Fargo.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. They use historic price data to observe stock price patterns to predict the direction of that price going forward. It also upped Schlumberger (NYSE:SLB) stake by 6,790 shares and now owns 583,077 shares. Its revenue has grown at an average annualized rate of about 9.20% during the past five years. The debt-to-equity ratio (D/E) was recorded at 0.31.

Price to Sale ratio of ERIC stands at 0.95 while Price to Book Ratio stands at 1.6.

Analyst's ratings play a very important role in outlining a stock's performance. SAP SE (SAP) shares have moved 0.67% in the week and -1.01% in the month. Stock value has moved between $27.59 - 79 in last one year.

Do investors think to respond accordingly to new analyst's rating and change a position based on the analyst's rating opinion without any further research?

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