In the latest trading session,, 3.03 million Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) shares changed hands as the company’s beta touched 0.96. With the company’s most recent per share price at $8.44 changing hands around $0.0 or 0.00% at last look, the market valuation stands at $25.92B. ERIC’s current price is a discount, trading about -6.52% off its 52-week high of $8.99. The share price had its 52-week low at $6.11, which suggests the last value was 27.61% up since then. When we look at Telefonaktiebolaget L M Ericsson ADR’s average trading volume, we note the 10-day average is 17.17 million shares, with the 3-month average coming to 25.00 million.
Analysts gave the Telefonaktiebolaget L M Ericsson ADR (ERIC) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.96. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended ERIC as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) trade information
The company’s shares are showing year-to-date upside of 40.20%, with the 5-day performance at 2.68% in the green. However, in the 30-day time frame, Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) is -0.94% down. Looking at the short shares, we see there were 48.28 million shares sold at short interest cover period of 2.1 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.94, meaning bulls need a downside of -21.61% from its recent market value. According to analyst projections, ERIC’s forecast low is 6.1 with 7.78 as the target high. To hit the forecast high, the stock’s price needs a 7.82% surge from its current level, while the stock would need to tank 27.73% for it to hit the projected low.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -61.52%. The 2025 estimates are for Telefonaktiebolaget L M Ericsson ADR earnings to increase by 61923.23%.
ERIC Dividends
Telefonaktiebolaget L M Ericsson ADR is expected to release its next quarterly earnings report on 2025-Apr-15. The 3.23% annual yield figure for the share gives it an annual dividend of 0.27. It is important to note, however, that the 3.23% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.11 per year.
Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC)’s Major holders
The share float percentage for the stock currently stands at 13.22%. There are 13.22% institutions holding the Telefonaktiebolaget L M Ericsson ADR stock share, with HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 4.571% of the shares, roughly 152.31 million ERIC shares worth $939.73 million.
PRIMECAP MANAGEMENT CO/CA/ holds the second largest percentage of outstanding shares, with 1.4488% or 48.27 million shares worth $297.84 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were VANGUARD WINDSOR FUNDS-Vanguard Windsor II Fund and VANGUARD CHESTER FUNDS-Vanguard PRIMECAP Fund . With 56.03 shares estimated at $473.17 million under it, the former controlled 1.80% of total outstanding shares. On the other hand, VANGUARD CHESTER FUNDS-Vanguard PRIMECAP Fund held about 1.03% of the shares, roughly 32.15 shares worth around $271.52 million.
