In the last trading session, 29.03 million Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) shares changed hands as the company’s beta touched 0.97. With the company’s per share price at $8.77 changed hands at $0.19 or 2.21% during last session, the market valuation stood at $26.93B. ERIC’s last price was a discount, traded about -1.48% off its 52-week high of $8.90. The share price had its 52-week low at $5.71, which suggests the last value was 34.89% up since then.
Analysts gave the Telefonaktiebolaget L M Ericsson ADR (ERIC) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.88. 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
Instantly ERIC was in green as seen at the end of in last trading. With action 3.79%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 8.81%, with the 5-day performance at 3.79% in the green. However, in the 30-day time frame, Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) is 7.61% up.
The consensus price target for the stock as assigned by Wall Street analysts is 6.94, meaning bulls need a downside of -26.37% from its current 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 11.29% surge from its current level, while the stock would need to tank 30.44% 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 62041.55%.
ERIC Dividends
Telefonaktiebolaget L M Ericsson ADR is expected to release its next quarterly earnings report in June. The 3.11% annual yield figure for the share gives it an annual dividend of 0.27. It is important to note, however, that the 3.11% 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.
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.
