Telefonaktiebolaget LM Ericsson (publ)
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7.360.03 (0.41%)

Pre-Market: 7.640.28 (3.80%) as of 5:15 AM EDT

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Prev Close7.33
Bid7.49 x 5400
Ask7.55 x 15400
52wk Range6.96 - 10.85
Day's Range7.30 - 7.37
Avg Vol (3m)4,166,250
As of 4:00 PM EDT. Market closed.
  • Barrons.com10 minutes ago

    Ericsson: After CEO Vestberg's Departure, Gross Profit is Priority, Says JP Morgan

    Shares of telecom giant Ericsson (ERIC) are up 28 cents, or almost 4%, at $7.64, in early trading after the company this morning announced at the start of European trading that its CEO of seven years, Hans Vestberg, will step down, and that its CFO, Jan Frykhammer, will take over on an interim basis. Ericsson’s ordinary shares rose 2.4% during the European trading session, to kr 64.95. In a note to clients this morning, J.P. Morgan’s Sandeep Deshpande, who has an Overweight rating on the stock, writes that Vestberg’s "achievement, now under-appreciated was engendering the transformation of Ericsson from a Networks to a Networks + Services company." But, “That strategy seems to have run its course,” observes Deshpande.

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