News coverage about Ericsson (NASDAQ:ERIC) has been trending somewhat positive on Sunday, according to Accern. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ericsson earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the communications equipment provider an impact score of 44.5527275908449 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- Zacks Investment Research Downgrades Ericsson (ERIC) to Sell (americanbankingnews.com)
- Ericsson (ERIC) Downgraded by BidaskClub to “Buy” (americanbankingnews.com)
- 5G technology to open up new licensing opportunities for Ericsson globally: Gustav Brismark, IPR head (telecom.economictimes.indiatimes.com)
- Misunderstanding led to Ericsson’s grid penalty (planetf1.com)
- Global Wireless Infrastructure Market 2018 Outlook- Ericsson, Juniper, Cisco, Nokia(ALU+MOTO) and Comm Scope (thetechnicalprogress.com)
Shares of ERIC stock traded down $0.10 during trading hours on Friday, hitting $6.26. The company’s stock had a trading volume of 2,646,073 shares, compared to its average volume of 3,514,780. The company has a market capitalization of $21,205.19, a P/E ratio of -13.32 and a beta of 0.82. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.59 and a quick ratio of 1.33. Ericsson has a 12-month low of $5.52 and a 12-month high of $7.47.
ERIC has been the topic of a number of recent analyst reports. ValuEngine lowered shares of Ericsson from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Zacks Investment Research lowered shares of Ericsson from a “hold” rating to a “sell” rating in a research note on Tuesday, March 6th. Canaccord Genuity restated a “hold” rating and set a $6.00 price target (down previously from $6.50) on shares of Ericsson in a research note on Thursday, February 1st. Berenberg Bank assumed coverage on shares of Ericsson in a research note on Wednesday. They set a “hold” rating on the stock. Finally, BidaskClub downgraded shares of Ericsson from a “sell” rating to a “strong sell” rating in a report on Friday, December 29th. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $4.91.
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Ericsson Company Profile
Telefonaktiebolaget LM Ericsson (publ) provides information and communications technology solutions for networks, IT and cloud, and media markets worldwide. It operates through four segments: Networks, Digital Services, Managed Services, and Other. The Networks segment provides mobile radio access networks, transport solutions, and site solutions, as well as related services, such as network rollout, network tuning, and customer support.
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