2. As of noon trading, Ericsson Telephone Company ( ERIC) is down $0.14 (-1.1%) to $12.46 on light volume Thus far, 1.3 million shares of Ericsson Telephone Company exchanged hands as compared to its average daily volume of 5.4 million shares. The stock has ranged in price between $12.43-$12.60 after having opened the day at $12.55 as compared to the previous trading day's close of $12.60.

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. Ericsson Telephone Company has a market cap of $40.6 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 up 24.8% year to date as of the close of trading on Thursday. Currently there are 5 analysts that rate Ericsson Telephone Company a buy, 1 analyst rates it a sell, and 5 rate it a hold.

TheStreet Ratings rates Ericsson Telephone Company as a buy. 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, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Ericsson Telephone Company Ratings Report now.

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