Headlines about Ericsson (NASDAQ:ERIC) have trended somewhat positive recently, Accern reports. The research group identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ericsson earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the communications equipment provider an impact score of 45.4517970833085 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the media stories that may have impacted Accern’s scoring:

Several brokerages have recently commented on ERIC. BidaskClub lowered Ericsson from a “buy” rating to a “hold” rating in a research report on Saturday, August 12th. J P Morgan Chase & Co reiterated a “neutral” rating on shares of Ericsson in a research report on Saturday, August 26th. Canaccord Genuity decreased their target price on Ericsson from $5.75 to $5.25 and set a “hold” rating for the company in a research report on Monday, October 23rd. BNP Paribas upgraded Ericsson from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 21st. Finally, Zacks Investment Research lowered Ericsson from a “hold” rating to a “strong sell” rating in a research report on Friday, October 6th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $5.34.

Ericsson (NASDAQ ERIC) traded up $0.03 during trading hours on Thursday, reaching $6.25. The company had a trading volume of 3,855,147 shares, compared to its average volume of 4,867,414. Ericsson has a twelve month low of $5.44 and a twelve month high of $7.47. The company has a quick ratio of 1.35, a current ratio of 1.72 and a debt-to-equity ratio of 0.24.

Ericsson (NASDAQ:ERIC) last released its quarterly earnings data on Friday, October 20th. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.07). Ericsson had a negative net margin of 8.60% and a negative return on equity of 5.67%. The company had revenue of $47.80 billion for the quarter, compared to analyst estimates of $47.21 billion. During the same quarter in the prior year, the firm earned $0.34 EPS. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. equities analysts expect that Ericsson will post -0.13 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Ericsson (ERIC) Getting Somewhat Positive Media Coverage, Study Shows” was first published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/12/07/ericsson-eric-getting-somewhat-positive-media-coverage-study-shows.html.

Ericsson Company Profile

Telefonaktiebolaget LM Ericsson (Ericsson) provides infrastructure, services and software to the telecommunication industry and other sectors. The Company’s segments include Networks, IT & Cloud and Media. The Networks segment consists of two business units: Network Products and Network Services. The overall focus is on evolving and managing access networks, including the development of hardware and software for radio access and transport networks.

Insider Buying and Selling by Quarter for Ericsson (NASDAQ:ERIC)

Receive News & Ratings for Ericsson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ericsson and related companies with MarketBeat.com's FREE daily email newsletter.