In the last trading session, 23.3 million shares of the Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) were traded, and its beta was 0.98. Most recently the company’s share price was $8.68, and it changed around $0.02 or 0.23% from the last close, which brings the market valuation of the company to $26.66B. ERIC currently trades at a discount to its 52-week high of $8.99, offering almost -3.57% off that amount. The share price’s 52-week low was $5.76, which indicates that the current value has risen by an impressive 33.64% since then. We note from Telefonaktiebolaget L M Ericsson ADR’s average daily trading volume that its 10-day average is 29.3 million shares, with the 3-month average coming to 27.17 million.
Telefonaktiebolaget L M Ericsson ADR stock received a consensus recommendation rating of Hold, based on a mean score of 2.81. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 4 recommended ERIC as a Hold, whereas 0 deemed it a Buy, and 3 rated it as Underweight.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) trade information
Instantly ERIC has showed a green trend with a performance of 0.23% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 8.99 on recent trading dayincreased the stock’s daily price by 3.45%. The company’s shares are currently up 7.69% year-to-date, but still up 1.17% over the last five days. On the other hand, Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) is 5.98% up in the 30-day period. We can see from the shorts that 39.39 million shares have been sold at a short interest cover period of 1.25 day(s).
The consensus price target as assigned by Wall Street analysts is $6.94, which translates to bulls needing to decrease their stock price by -25.07% from its current value. Analyst projections state that ERIC is forecast to be at a low of $6.1 and a high of $7.78.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -61.52%.
ERIC Dividends
Telefonaktiebolaget L M Ericsson ADR’s next quarterly earnings report is expected to be released on 2025-Apr-14. The annual dividend yield of the stock is 3.14 percent and its annual dividend per share was 0.27. It is important to note, however, that the 3.14% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.07 per year.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s Major holders
Upon looking at major shareholders, 13.25% of them are in the hands of institutional investors. The stock currently has a share float of 13.25%. Telefonaktiebolaget L M Ericsson ADR stock is held by 381.0 institutions, with HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC being the largest institutional investor. By 2024-06-30, it held 4.571% of the shares, which is about 152.31 million shares worth $939.73 million.
PRIMECAP MANAGEMENT CO/CA/, with 1.4488% or 48.27 million shares worth $297.84 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VANGUARD WINDSOR FUNDS-Vanguard Windsor II Fund and VANGUARD CHESTER FUNDS-Vanguard PRIMECAP Fund were the top two Mutual Funds as of Jan 31, 2025 . The former held 56.03 shares worth $486.34 million, making up 1.82% of all outstanding shares. On the other hand, VANGUARD CHESTER FUNDS-Vanguard PRIMECAP Fund held roughly 32.15 shares worth around $279.08 million, which represents about 1.04% of the total shares outstanding.
