Ericsson Telephone Company (ERIC): Today's Featured Telecommunications Loser

Ericsson Telephone Company (ERIC) pushed the Telecommunications industry lower today making it today's featured Telecommunications loser. The industry as a whole closed the day up 2.3%. By the end of trading, Ericsson Telephone Company fell 12 cents (-1.1%) to $10 on light volume. Throughout the day, 3.2 million shares of Ericsson Telephone Company exchanged hands as compared to its average daily volume of 5.9 million shares. The stock ranged in price between $9.90-$10.05 after having opened the day at $9.91 as compared to the previous trading day's close of $10.12. Other company's within the Telecommunications industry that declined today were: Zoom Technologies (ZOOM), down 4.8%, magicJack VocalTec (CALL), down 4.6%, B Communications (BCOM), down 3.6%, and Telestone Technologies Corporation (TSTC), down 3.5%.

LM Ericsson Telephone Company provides communications equipment, professional services, and multimedia solutions to mobile and fixed networks operators worldwide. Ericsson Telephone Company has a market cap of $33.52 billion and is part of the technology sector. The company has a P/E ratio of 15.8, below the average telecommunications industry P/E ratio of 20.1 and below the S&P 500 P/E ratio of 17.7. Shares are down 12.3% year to date as of the close of trading on Thursday. Currently there are three analysts that rate Ericsson Telephone Company a buy, one analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Ericsson Telephone as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, attractive valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

• You can view the full Ericsson Telephone Ratings Report.

On the positive front, Ikanos Communications (IKAN), up 13.2%, Maxcom Telecomunicaciones S.A.B. de C.V (MXT), up 11%, Shenandoah Telecommunications (SHEN), up 10.5%, and Dialogic (DLGC), up 10%, were all gainers within the telecommunications industry with America Movil S.A.B. de C.V. ADR (AMX) being today's featured telecommunications industry winner.

• Use our telecommunications section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider iShares Dow Jones US Telecom (IYZ) while those bearish on the telecommunications industry could consider ProShares Ult Sht Telecommunication (TLL).

• Find other investment ideas from our top rated ETFs lists.

For more information on Ericsson Telephone Company click any of the following:

• Ericsson Telephone Company Stock Price

• Ericsson Telephone Company Analyst Ratings

• Ericsson Telephone Company Key Stats & Profile

• Ericsson Telephone Company Earnings

• Ericsson Telephone Company Ratio Comparison

• Ericsson Telephone Company Growth Rates

• Ericsson Telephone Company Balance Sheet

• Ericsson Telephone Company Cash Flow

• Ericsson Telephone Company Income Statement