Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) shares were down -2.47% on Friday when approximately 8.21M shares were traded, against the average daily trading volume of 4.55M. Analysts at Credit Agricole recently upgraded the stock to Underperform from Buy. Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) has a consensus Hold rating, according to Zacks Investment Research. 1 analyst has rated the stock with a sell rating, 8 have assigned a hold rating, Zero says it’s a buy, and 0 have assigned a strong buy rating to the company.

The 52-week price range is $4.83-$9.86 and the company has a market capitalization of $19.80 billion.

Telefonaktiebolaget LM Ericsson (publ) provides network equipment and software, and services for network and business operations worldwide. Its Networks segment delivers products and solutions for mobile access, Internet protocol (IP) and transmission networks, core networks, and cloud. This segment offers radio access solutions; IP routing and transport solutions; microwave and optical transmission solutions for mobile and fixed networks; IP multimedia subsystem solutions; a cloud platform that handles workloads for various clouds; and telecom, IT, and commercial cloud services. The company’s Global Services segment delivers managed services, including services for designing, building, operating, and managing the day-to-day operations of the customer’s network or solutions; maintenance services; network sharing solutions; shared solutions; and managed services of IT environments, as well as provides broadcast and media services. This segment also offers services to expand, upgrade, restructure, or migrate networks; network-rollout services; customer support services; and network design and optimization services. In addition, it provides consulting and systems integration services comprising technology and operational consulting, integration of multi-vendor equipment, design and integration, and transforming programs; and industry specific solutions. The company’s Support Solutions segment offers operations support systems; business support systems that provide revenue management, mediation, and customer care solutions; television (TV) and media solutions; and M-Commerce solutions for money transfer. It serves telecom operators, as well as media, public safety, utilities, and transport industries. The company has collaborations with Qualcomm Technologies, Inc. and AT&T on 5G new radio trials intended to accelerate 5G deployments. The company was founded in 1876 and is headquartered in Stockholm, Sweden.