|Bid||11.52 x 29200|
|Ask||11.53 x 3000|
|Day's Range||11.48 - 11.54|
|52 Week Range||10.30 - 15.32|
|Beta (5Y Monthly)||0.14|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.20 (1.75%)|
|Ex-Dividend Date||Mar. 31, 2021|
|1y Target Est||17.29|
Following a Swedish court's decision last month to uphold Swedish telecom regulator PTS's decision to ban Chinese vendor Huawei from selling its 5G equipment in Sweden, the threat of Ericsson's (NASDAQ: ERIC) business in China suffering negative consequences intensified and then it materialized. During the second quarter, the Swedish telecom specialist saw a significant drop in its sales in China. Overall, Ericsson had a good second quarter.
Nokia on Monday won its first 5G radio contract in China, securing a share in one of China Mobile's three new 5G contracts, while Nordic rival Ericsson lost market share after getting caught up in a political spat. Huawei took a majority share in all three contracts, followed by ZTE, according to a document https://b2b.10086.cn/b2b/main/viewNoticeContent.html?noticeBean.id=773468 published by China Mobile.
ERIC earnings call for the period ending June 30, 2021.