ADTRAN (ADTN) Lowered to C+ at TheStreet

TheStreet lowered shares of ADTRAN (NASDAQ:ADTN) from a b rating to a c+ rating in a research report sent to investors on Wednesday.

A number of other brokerages have also issued reports on ADTN. BidaskClub raised ADTRAN from a sell rating to a hold rating in a research report on Thursday, December 21st. Zacks Investment Research lowered ADTRAN from a buy rating to a hold rating in a research report on Tuesday, September 19th. Northland Securities set a $28.00 target price on ADTRAN and gave the stock a buy rating in a research report on Wednesday, October 18th. MKM Partners cut their target price on ADTRAN from $27.00 to $25.00 and set a buy rating on the stock in a research report on Friday, December 29th. Finally, Goldman Sachs Group raised ADTRAN from a sell rating to a neutral rating and set a $17.00 target price on the stock in a research report on Monday, January 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $21.41.

Shares of ADTRAN (ADTN) opened at $16.40 on Wednesday. The stock has a market capitalization of $789.65, a price-to-earnings ratio of 33.47, a PEG ratio of 2.73 and a beta of 0.77. The company has a current ratio of 3.98, a quick ratio of 2.43 and a debt-to-equity ratio of 0.05. ADTRAN has a 52-week low of $16.25 and a 52-week high of $25.10.

ADTRAN (NASDAQ:ADTN) last announced its earnings results on Tuesday, January 16th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The company had revenue of $126.52 million for the quarter, compared to analyst estimates of $125.90 million. ADTRAN had a return on equity of 7.95% and a net margin of 3.58%. research analysts anticipate that ADTRAN will post 0.69 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 14th. Investors of record on Wednesday, January 31st will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 2.20%. The ex-dividend date is Tuesday, January 30th. ADTRAN’s payout ratio is 73.47%.

In related news, SVP Kevin P. Heering sold 9,809 shares of the company’s stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $21.60, for a total transaction of $211,874.40. Following the transaction, the senior vice president now directly owns 10,162 shares of the company’s stock, valued at $219,499.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.96% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its position in ADTRAN by 5.8% during the second quarter. Public Employees Retirement System of Ohio now owns 6,804 shares of the communications equipment provider’s stock valued at $141,000 after buying an additional 373 shares during the period. Thompson Davis & CO. Inc. acquired a new position in ADTRAN during the third quarter valued at $157,000. SG Americas Securities LLC acquired a new position in ADTRAN during the third quarter valued at $190,000. Suntrust Banks Inc. acquired a new position in ADTRAN during the second quarter valued at $208,000. Finally, Crossmark Global Holdings Inc. acquired a new position in ADTRAN during the third quarter valued at $211,000. 91.37% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This story was first reported by BBNS and is the property of of BBNS. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. & international trademark and copyright laws. The original version of this story can be viewed at https://baseballnewssource.com/markets/adtran-adtn-lowered-to-c-at-thestreet/1847516.html.

About ADTRAN

ADTRAN, Inc (ADTRAN) is a provider of networking and communications equipment. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It operates through two segments: Network Solutions and Services & Support. Network Solutions includes software and hardware products that enable CSPs and enterprise customers to realize a fully connected world.

Analyst Recommendations for ADTRAN (NASDAQ:ADTN)

Receive News & Ratings for ADTRAN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ADTRAN and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Giants Will Retire No. 25 of Barry Bonds in August
Giants Will Retire No. 25 of Barry Bonds in August


Leave a Reply

 
© 2006-2018 BBNS.