Stocks of Telefonaktiebolaget L M Ericsson ADR (NASDAQ:ERIC) traded higher last session on Wall Street, up 0.15% to $6.71.
ERIC stock price is now 5.45% away from the 50-day moving average and 18.69% away from the 200-day moving average. The market capitalization of the company currently stands at $20.58B.
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, while ‘Jefferies’ rates the stock as ‘Buy’
A total of 0.00% of the company’s stock is owned by insiders.
During the past 12 months, Telefonaktiebolaget L M Ericsson ADR has had a low of $4.33 and a high of $6.96. As of last week, the company has a debt-to-equity ratio of 0.57, a current ratio of 1.14, and a quick ratio of 0.90. The fifty day moving average price for ERIC is $6.3766 and a two-hundred day moving average price translates $5.66475 for the stock.
The latest earnings results from Telefonaktiebolaget L M Ericsson ADR (NASDAQ: ERIC) was released for 2024-06-30. The net profit margin was -14.14% and return on equity was -32.63% for ERIC. The company reported revenue of $5.59 billion for the quarter, compared to $6.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -8.7 percent.
Telefonaktiebolaget L M Ericsson ADR(ERIC) Company Profile
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. The Networks segment offers radio access network (RAN) solutions for various network spectrum bands, including purpose-built and open RAN-prepared hardware and software. This segment also provides cloud RAN; transport solutions; passive and active antennas; and a range of service portfolios covering network deployment and support. The Cloud Software and Services segment offers core networks, business and operational support systems, network design and optimization, and managed network services. The Enterprise segment offers a global communications platform, including cloud-based unified communications as a service, contact center as a service, and communications platform as a service; enterprise wireless solutions comprising private wireless networks and wireless wan pre-packaged solutions; and technologies and new business solutions, such as mobile financial services, security solutions, and advertising services. The Other segment includes Redbee media that prepares and distributes live and video services for broadcasters, sports leagues, and communications service providers. It offers its services through wholesalers and distributors. The company was formerly known as Allmanna Telefon AB LM Ericsson and changed its name to Telefonaktiebolaget LM Ericsson (publ) in January 1926. Telefonaktiebolaget LM Ericsson (publ) was founded in 1876 and is headquartered in Stockholm, Sweden.
