Ericsson (ERIC) Shares are Down -2.14%

Ericsson (ERIC) : During the past 4 weeks, traders have been relatively bearish on Ericsson (ERIC), hence the stock is down -5.65% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.56% relative to the S&P 500. The 4-week change in the price of the stock is -3.31% and the stock has fallen -2.14% in the past 1 week.

Ericsson (NASDAQ:ERIC): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.23 and $7.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.31, notching a gain of 1.25% for the day. The total traded volume was 11,359,218 . The stock had closed at $7.22 on the previous day.

The stock has recorded a 20-day Moving Average of 2.1% and the 50-Day Moving Average is 3.28%. Telefonaktiebolaget LM Ericsson (publ) has dropped 5.19% during the last 3-month period . Year-to-Date the stock performance stands at -20.58%.

Ericsson (ERIC) : The highest short term price target forecast on Ericsson (ERIC) is $8 and the lowest target price is $6. A total of 3 equity analysts are currently covering the company. The average price of all the analysts is $6.7 with a standard deviation of $1.21.


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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