Somewhat Positive News Coverage Somewhat Unlikely to Impact Telefonaktiebolaget LM Ericsson (ERIC) Stock Price
News headlines about Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Telefonaktiebolaget LM Ericsson earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the communications equipment provider an impact score of 46.5829746742921 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have effected Accern’s rankings:
- Positive stock of the month – Telefonaktiebolaget LM Ericsson (publ) (ERIC) moved 5.63% high – The Stocks News (press release) (thestocksnews.com)
- Telefonaktiebolaget LM Ericsson (publ) (ERIC) stock price is trading up from the 20 SMA with difference of 2.11% – Analyst Recommendation (press release) (blog) (analystrecommendation.com)
- Whirling Stocks: Arconic Inc. (NYSE: ARNC), Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC) – Production Investments (press release) (productioninvestments.com)
- Ericsson and Analysts’ Median Target Estimates (finance.yahoo.com)
- Technical Indicators under Review – Telefonaktiebolaget LM Ericsson, (NASDAQ: ERIC) – Stock Watch (stocksnewstimes.com)
ERIC has been the topic of a number of recent research reports. Zacks Investment Research cut Telefonaktiebolaget LM Ericsson from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 9th. BidaskClub upgraded Telefonaktiebolaget LM Ericsson from a “strong sell” rating to a “sell” rating in a research note on Tuesday, January 16th. ValuEngine cut Telefonaktiebolaget LM Ericsson from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Canaccord Genuity reiterated a “hold” rating and issued a $6.50 target price on shares of Telefonaktiebolaget LM Ericsson in a research note on Thursday, December 21st. Finally, Bank of America cut Telefonaktiebolaget LM Ericsson from a “buy” rating to an “underperform” rating in a research note on Monday, February 5th. Six investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $4.91.
Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) last issued its quarterly earnings data on Wednesday, January 31st. The communications equipment provider reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.18). Telefonaktiebolaget LM Ericsson had a negative net margin of 17.57% and a negative return on equity of 11.30%. The company had revenue of $57.20 billion for the quarter, compared to the consensus estimate of $58.24 billion. During the same quarter in the prior year, the firm earned $0.62 earnings per share. Telefonaktiebolaget LM Ericsson’s revenue for the quarter was down 12.3% compared to the same quarter last year. analysts expect that Telefonaktiebolaget LM Ericsson will post 0.03 EPS for the current year.
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About Telefonaktiebolaget LM Ericsson
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.
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