Zacks Downgrades Hawaiian Telcom Holdco to Neutral (HCOM)
Hawaiian Telcom Holdco (NASDAQ:HCOM) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, AR Network reports. They currently have a $30.40 price target on the stock. Zacks‘ target price indicates a potential upside of 14.67% from the company’s current price.
Separately, analysts at DA Davidson downgraded shares of Hawaiian Telcom Holdco from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, August 6th.
Hawaiian Telcom Holdco (NASDAQ:HCOM) traded down 0.45% on Tuesday, hitting $26.51. 24,535 shares of the company’s stock traded hands. Hawaiian Telcom Holdco has a 52-week low of $16.28 and a 52-week high of $28.29. The stock has a 50-day moving average of $26.04 and a 200-day moving average of $25.4. The company has a market cap of $274.0 million and a price-to-earnings ratio of 2.63.
Hawaiian Telcom Holdco (NASDAQ:HCOM) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.13. The company had revenue of $97.00 million for the quarter, compared to the consensus estimate of $95.60 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. Analysts expect that Hawaiian Telcom Holdco will post $0.99 EPS for the current fiscal year.
Hawaiian Telcom Holdco, Inc, is a full-service provider of communications services and products in Hawaii.
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