Ericsson (NASDAQ:ERIC) has climbed 3.65% in the past week and advanced 1.19% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.89% and the outperformance has advanced to 0.26% for the last 4 weeks period.
Ericsson (NASDAQ:ERIC): The stock was completely flat for the day, closing at $7.67 on Friday. The flat closing masks the intraday volatility in the stock. After opening at $7.61, the stock touched an intraday high of $7.70 and a low of $7.59. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $7.67. The total trading volume on Friday was 5,891,364.
The company shares have dropped -30.40% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $11.31 and the one year low was seen on Jun 14, 2016. The 50-Day Moving Average price is $7.68 and the 200 Day Moving Average price is recorded at $8.89.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, Swedbank downgrades its rating on Ericsson (NASDAQ:ERIC).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 3, 2016. Institutional Investors own 7.43% of Ericsson shares.
Telefonaktiebolaget LM Ericsson (Ericsson) is a provider of communications technology and services. Ericsson offers services, software and infrastructure for mobility, broadband and the cloud in telecom industry and other sectors. Its two core businesses are Radio, Core and Transmission and Telecom Services. Ericsson operates in four business segments: Networks, Global Services, Support Solutions and Modems. It invests in five targeted areas: Internet protocol (IP) Networks; Cloud; operations and business support systems (OSS) and business support systems (BSS); TV and Media, and Industry and Society. Radio, Core and Transmission, as well as IP Networks and Cloud report into Networks segment and Telecom Services report into Global Services segment. The product and software deliveries of OSS and BSS, TV & Media, report into Support Solutions segment, while services related to these areas report into Global Services segment. Industry and Society reports into Global Services segment.