3. As of noon trading, LM Ericsson Telephone Company ( ERIC) is down $0.26 (-2.1%) to $12.29 on heavy volume. Thus far, 5.0 million shares of LM Ericsson Telephone Company exchanged hands as compared to its average daily volume of 3.6 million shares. The stock has ranged in price between $12.18-$12.30 after having opened the day at $12.26 as compared to the previous trading day's close of $12.55. Ericsson provides telecommunications equipment and services to mobile and fixed network operators worldwide. It operates in four segments: Networks, Global Services, Support Solutions, and ST-Ericsson. LM Ericsson Telephone Company has a market cap of $39.5 billion and is part of the technology sector. The company has a P/E ratio of 15.8, below the S&P 500 P/E ratio of 17.7. Shares are down 2.4% year-to-date as of the close of trading on Thursday. Currently there are 4 analysts that rate LM Ericsson Telephone Company a buy, 2 analysts rate it a sell, and 2 rate it a hold. TheStreet Ratings rates LM Ericsson Telephone Company as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow. Get the full LM Ericsson Telephone Company Ratings Report now. STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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