Ericsson (ERIC) Shares are Down -0.27%

Ericsson (ERIC) has been under a strong bear grip, hence the stock is down -1.27% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.39% in the past 1 week. The 4-week change in the price of the stock is -1.47% and the stock has fallen -0.27% in the past 1 week.

Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.12% and the fifty day Moving Average is 1.62%. Telefonaktiebolaget LM Ericsson (publ) has dropped 5.03% during the last three month period . Year-to-Date the stock performance stands at -20.04%.

Ericsson (ERIC) : 3 Wall Street analysts covering Ericsson (ERIC) believe that the average level the stock could reach for the short term is $6.7. The maximum price target given is $8 and the minimum target for short term is around $6, hence the standard deviation is calculated at $1.21.


Ericsson (NASDAQ:ERIC): On Fridays trading session , Opening price of the stock was $7.39 with an intraday high of $7.45. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $7.31. However, the stock managed to close at $7.36, a loss of 0.54% for the day. On the previous day, the stock had closed at $7.4. The total traded volume of the day was 8,133,389 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.

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