Telefonaktiebolaget LM Ericsson (publ) (ERIC) Expected to Announce Quarterly Earnings on Tuesday

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) will likely be announcing its earnings results before the market opens on Tuesday, January 28th. Analysts expect the company to announce earnings of $0.21 per share and revenue of $6,524,750.71 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Telefonaktiebolaget LM Ericsson (publ) Stock Up 0.9 %

NASDAQ:ERIC opened at $8.54 on Tuesday. The stock’s fifty day moving average price is $8.18 and its two-hundred day moving average price is $7.65. Telefonaktiebolaget LM Ericsson has a 52-week low of $4.77 and a 52-week high of $8.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.95 and a current ratio of 1.19. The company has a market cap of $28.46 billion, a price-to-earnings ratio of -284.67 and a beta of 0.79.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ERIC shares. JPMorgan Chase & Co. upped their price objective on Telefonaktiebolaget LM Ericsson (publ) from $5.90 to $6.70 and gave the stock a “neutral” rating in a report on Monday, October 21st. StockNews.com upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 16th.

About Telefonaktiebolaget LM Ericsson (publ)

Telefonaktiebolaget LM Ericsson (publ), together with its subsidiaries, provides mobile connectivity solutions for telcom operators and enterprise customers in various sectors in North America, Europe, Latin America, the Middle East, Africa, North East Asia, South East Asia, Oceania, and India. It operates in four segments: Networks; Cloud Software and Services; Enterprise; and Other.