Minot DeBlois Advisors LLC Makes New $35,000 Investment in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC)

Minot DeBlois Advisors LLC purchased a new stake in Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 4,350 shares of the communications equipment provider’s stock, valued at approximately $35,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GeoWealth Management LLC bought a new stake in Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at $36,000. Smartleaf Asset Management LLC lifted its holdings in Telefonaktiebolaget LM Ericsson (publ) by 131.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,993 shares of the communications equipment provider’s stock worth $40,000 after acquiring an additional 2,840 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Telefonaktiebolaget LM Ericsson (publ) in the fourth quarter valued at approximately $77,000. Valeo Financial Advisors LLC bought a new position in shares of Telefonaktiebolaget LM Ericsson (publ) during the fourth quarter valued at approximately $81,000. Finally, Diametric Capital LP bought a new stake in shares of Telefonaktiebolaget LM Ericsson (publ) in the 4th quarter worth approximately $85,000. 7.99% of the stock is owned by institutional investors and hedge funds.

Telefonaktiebolaget LM Ericsson (publ) Trading Up 0.6%

NASDAQ:ERIC opened at $8.45 on Wednesday. The stock has a market cap of $28.16 billion, a price-to-earnings ratio of -845,000.00, a PEG ratio of 3.89 and a beta of 0.96. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.96 and a current ratio of 1.17. Telefonaktiebolaget LM Ericsson has a 1 year low of $5.55 and a 1 year high of $8.90. The business has a fifty day moving average of $7.97 and a 200-day moving average of $8.08.

Telefonaktiebolaget LM Ericsson (publ) (NASDAQ:ERIC) last released its earnings results on Tuesday, April 15th. The communications equipment provider reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $5.68 billion for the quarter, compared to analysts’ expectations of $55.83 billion. Telefonaktiebolaget LM Ericsson (publ) had a net margin of 0.06% and a return on equity of 13.70%. Equities analysts predict that Telefonaktiebolaget LM Ericsson will post 0.48 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. StockNews.com raised Telefonaktiebolaget LM Ericsson (publ) from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 17th. JPMorgan Chase & Co. boosted their target price on shares of Telefonaktiebolaget LM Ericsson (publ) from $8.90 to $9.80 and gave the company a “neutral” rating in a research note on Friday, April 11th. Finally, Kepler Capital Markets upgraded shares of Telefonaktiebolaget LM Ericsson (publ) from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 16th.

Telefonaktiebolaget LM Ericsson (publ) 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.