4. As of noon trading, Ericsson Telephone Company ( ERIC) is up $0.11 (1.1%) to $9.75 on average volume Thus far, 2.4 million shares of Ericsson Telephone Company exchanged hands as compared to its average daily volume of 3.8 million shares. The stock has ranged in price between $9.74-$9.84 after having opened the day at $9.78 as compared to the previous trading day's close of $9.64.

Ericsson provides communications equipment, professional services, and multimedia solutions to mobile and fixed networks operators worldwide. Ericsson Telephone Company has a market cap of $32.4 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 3.2% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Ericsson Telephone Company a buy, 1 analyst rates it a sell, and 6 rate it a hold.

TheStreet Ratings rates Ericsson Telephone Company as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. Get the full Ericsson Telephone Company Ratings Report now.

EXCLUSIVE OFFER: Jim Cramer's Protégé, Dave Peltier, only buys Stocks Under $10 that he thinks could potentially double. See what he's trading today with a 14-day FREE pass

If you liked this article you might like

Vivendi and Sony Will be Winners As Music Streaming Takes Off Says Goldman Sachs

Trader's Daily Notebook: Is a Battered Brazil Worth a Buy?

Sense of the Markets: Bollore Only Evident Winner in Vivendi's Havas Bid

Universal Music Keeps Vivendi on Song