Check out this: Telefonaktiebolaget LM Ericsson (publ) (ERIC) is on the verge of a huge rally

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ: ERIC) is 0.42% higher on its value in year-to-date trading and has touched a low of $6.15 and a high of $12.61 in the current 52-week trading range. The ERIC stock was last observed hovering at around $12.15 in the last trading session, with the day’s loss setting it -0.15% off its average median price target of $13.98 for the next 12 months. It is also 27.05% off the consensus price target high of $16.45 offered by 27 analysts, but current levels are -9.89% lower than the price target low of $10.92 for the same period.

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Currently trading at $12.00, the stock is 0.32% and 0.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.59 million and changing -1.23% at the moment leaves the stock 15.07% off its SMA200. ERIC registered 34.83% gain for a year compared to 6-month gain of 27.93%. The firm has a 50-day simple moving average (SMA 50) of $12.07 and a 200-day simple moving average (SMA200) of $11.29.

The stock witnessed a -3.77% loss in the last 1 month and extending the period to 3 months gives it a 12.68%, and is 1.35% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.42% over the week and 1.43% over the month.

Telefonaktiebolaget LM Ericsson (publ) (ERIC) has around 99826 employees, a market worth around $40.15B and $27.96B in sales. Current P/E ratio is 22.68 and Fwd P/E is 16.26. Profit margin for the company is 6.30%. Distance from 52-week low is 95.12% and -4.84% from its 52-week high. The company has generated returns on investments over the last 12 months (2.80%).

Telefonaktiebolaget LM Ericsson (publ) (ERIC) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Telefonaktiebolaget LM Ericsson (publ) (ERIC) is a “Overweight”. 27 analysts offering their recommendations for the stock have an average rating of 1.70, where 8 rate it as a Hold and 2 think it is a “Overweight”. 17 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Telefonaktiebolaget LM Ericsson (publ) is expected to release its quarterly report on 04/21/2021 and quarterly earnings per share for the current quarter are estimated at $0.22 with sales reaching $7.76B over the same period.The EPS is expected to grow by 133.90% this year, but quarterly earnings will post 9.60% year-over-year. Quarterly sales are estimated to grow 12.50% in year-over-year returns.

Telefonaktiebolaget LM Ericsson (publ) (ERIC) Top Institutional Holders

369 institutions hold shares in Telefonaktiebolaget LM Ericsson (publ) (ERIC), with institutional investors hold 10.22% of the company’s shares. The shares outstanding are 3.33B, and float is at 3.25B with Short Float at 0.21%. Institutions hold 10.22% of the Float.

The top institutional shareholder in the company is Primecap Management Company with over 123.88 million shares valued at $1.35 billion. The investor’s holdings represent 4.03% of the ERIC Shares outstanding. As of Sep 29, 2020, the second largest holder is Hotchkis & Wiley Capital Management, LLC with 29.12 million shares valued at $317.13 million to account for 0.95% of the shares outstanding. The other top investors are FMR, LLC which holds 14.96 million shares representing 0.49% and valued at over $162.92 million, while Renaissance Technologies, LLC holds 0.34% of the shares totaling 10.52 million with a market value of $114.55 million.

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Telefonaktiebolaget LM Ericsson (publ) (ERIC): Who are the competitors?

The company’s main competitors (and peers) include BlackBerry Limited (BB) that is trading 6.01% up over the past 12 months. Motorola Solutions Inc. (MSI) is 3.13% up on the 1-year trading charts. Short interest in the company’s stock has fallen -14.26% from the last report on Nov 12, 2020 to stand at a total of 7.85 million short shares sold with a short interest ratio of 1.44.

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