Ericsson (ERIC) in List of US Hot Stocks with Baidu, Inc. (BIDU)

Ivan Schwartz
July 9, 2017

Stock market analysts and brokers have recently amended their target prices on shares of Ericsson (NASDAQ:ERIC). Its Day High was 15.53% and Day Low showed 14.54%. Analyst mean recommendation for this stock is 2.60. For the next financial year, analysts anticipate that the company will report earnings of $0.39 per share, with EPS estimates ranging from $0.32 to $0.47. Zacks' sales averages are an average based on a survey of analysts that follow Ericsson.

Ericsson (NASDAQ:ERIC) last released its earnings results on Tuesday, April 25th. However a year ago for the same quarter the company has reported $0.1 EPS. The firm had revenue of $46.40 billion for the quarter, compared to analyst estimates of $47.36 billion. Ericsson had a negative return on equity of 1.32% and a negative net margin of 4.93%. Ericsson's quarterly revenue was down 11.1% on a year-over-year basis.

Yet another important factor while evaluating a good buy/sell decision for The Dow Chemical Company (DOW) is its Earnings per Share or EPS. Canaccord Genuity restated a "neutral - hold" rating and set a $7.00 target price on shares of Ericsson in a research report on Friday, June 30th. Zacks Investment Research downgraded shares of Ericsson from a "hold" rating to a "sell" rating in a research report on Tuesday, March 28th. Share performance for the month is now at -1.09%. For the quarter, shares have been noted at -7.37%. Finally, Citigroup Inc. assumed coverage on shares of Ericsson in a report on Thursday, June 8th. Accern also gave news articles about the communications equipment provider an impact score of 83 out of 100, indicating that recent press coverage is very likely to have an impact on the stock's share price in the near term. Keeping in view the above important information, Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) stock price level can be now recognized as a major support and therefore the stock is an overall uptrend, as a stock's price remains above the 200 SMA on the daily time frame. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of US & global copyright laws. The legal version of this news story can be accessed at https://sportsperspectives.com/2017/07/08/koch-industries-inc-purchases-new-stake-in-telefonaktiebolaget-lm-ericsson-eric-updated-updated-updated.html. Hotchkis & Wiley Capital Management increased its position in Ericsson by 67.8% in the Q4. Primecap Management Co. CA now owns 81,901,979 shares of the communications equipment provider's stock valued at $543,829,000 after buying an additional 2,290,675 shares during the last quarter. During the past three months the stock gain 10.55%, bringing six months performance to 25.09%. OLD National Bancorp IN boosted its position in Ericsson by 8.1% in the first quarter. Credit Suisse AG now owns 4,542,361 shares of the communications equipment provider's stock valued at $30,161,000 after buying an additional 4,093,879 shares during the last quarter. Eventide Asset Management LLC now owns 59,000 shares of the communications equipment provider's stock valued at $392,000 after buying an additional 11,000 shares during the last quarter. Finally, FMR LLC increased its position in shares of Ericsson by 200.2% in the fourth quarter. The firm's institutional ownership remained 10.40% while insider ownership included 0.90%.

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Ericsson (NASDAQ ERIC) opened at 7.13 on Wednesday. Sometimes, companies with strong fundamentals but with low annualized EPS of less than 4 or 5 % but analysts may talk about a huge turnaround in the earnings due to heavy order book.

The share of The Dow Chemical Company (DOW) now has a value of $63.94 while the company's 52 week low is at $47.51, the shares dropped to the 52 week low on 07/06/16.

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