In recent trading session, Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) saw 6.17 million shares changing hands at last check today with its beta currently measuring 0.95. Company’s recent per share price level of $8.22 trading at -$0.09 or -1.14% at last check today assigns it a market valuation of $25.23B. That most recent trading price of ERIC’s stock is at a discount of -8.27% from its 52-week high price of $8.90 and is indicating a premium of 39.17% from its 52-week low price of $5.00. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 34.86 million shares which gives us an average trading volume of 23.86 million if we extend that period to 3-months.
For Telefonaktiebolaget L M Ericsson ADR (ERIC), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.88. Splitting up the data highlights that, out of 9 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) trade information
Upright in the red during last session for losing -1.14%, in the last five days ERIC remained trading in the green while hitting it’s week-highest on Tuesday, 04/22/25 when the stock touched $8.22 price level, adding 2.72% to its value on the day. Telefonaktiebolaget L M Ericsson ADR’s shares saw a change of 1.92% in year-to-date performance and have moved 3.46% in past 5-day. Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) showed a performance of -0.30% in past 30-days. Number of shares sold short was 48.21 million shares which calculate 2.0 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 6.94 to the stock, which implies a fall of -18.44% to its recent value today. Analysts have been projecting 6.1 as a low price target for the stock while placing it at a high target of 7.78. It follows that stock’s current price would jump 25.79% in reaching the projected high whereas dropping to the targeted low would mean a gain of 25.79% for stock’s current value.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -61.52% during past 5 years.
ERIC Dividends
Telefonaktiebolaget L M Ericsson ADR is more likely to be releasing its next quarterly report on 2025-Apr-14 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 3.32%, the share has a forward dividend of 0.27 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 3.03%.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s Major holders
Investors also watch the number of corporate investors in a company very closely, which is 13.30% institutions for Telefonaktiebolaget L M Ericsson ADR that are currently holding shares of the company. HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC is the top institutional holder at ERIC for having 152.31 million shares of worth $939.73 million. And as of 2024-06-30, it was holding 4.571 of the company’s outstanding shares.
The second largest institutional holder is PRIMECAP MANAGEMENT CO/CA/, which was holding about 48.27 million shares on 2024-06-30. The number of shares represents firm’s hold over 1.4488 of outstanding shares, having a total worth of $297.84 million.
On the other hand, VANGUARD WINDSOR FUNDS-Vanguard Windsor II Fund and VANGUARD CHESTER FUNDS-Vanguard PRIMECAP Fund are the top two Mutual Funds which own company’s shares. As of Jan 31, 2025 , the former fund manager was holding 56.03 shares of worth $460.0 million or 1.82% of the total outstanding shares. The later fund manager was in possession of 32.15 shares on Dec 31, 2024 , making its stake of worth around $263.97 million in the company or a holder of 1.04% of company’s stock.
