j2 Global Inc. Sets New 1-Year High at $53.82 (JCOM)
j2 Global (NASDAQ:JCOM) set a new 52-week high during trading hours on Monday, AnalystRatingsNetwork reports. The company traded as high as $53.82 and last traded at $53.72, with a volume of 143,585 shares. The stock had previously closed at $52.28.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of j2 Global from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, August 30th. They now have a $45.00 price target on the stock. Separately, analysts at Sidoti downgraded shares of j2 Global from a “buy” rating to a “neutral” rating in a research note to investors on Monday, August 19th. They now have a $56.00 price target on the stock. Finally, analysts at Wedbush raised their price target on shares of j2 Global from $49.00 to $51.00 in a research note to investors on Thursday, August 8th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $47.43.
j2 Global has a one year low of $28.08 and a one year high of $53.10. The stock’s 50-day moving average is $50.34 and its 200-day moving average is $44.48. The company has a market cap of $2.497 billion and a P/E ratio of 20.11.
j2 Global (NASDAQ:JCOM) last released its earnings data on Wednesday, August 7th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.79 by $0.04. The company had revenue of $141.40 million for the quarter, compared to the consensus estimate of $131.37 million. During the same quarter last year, the company posted $0.70 earnings per share. j2 Global’s revenue was up 58.0% compared to the same quarter last year. On average, analysts predict that j2 Global will post $2.90 earnings per share for the current fiscal year.
j2 Global, Inc is a provider of services delivered through the Internet. The Company provides cloud services to businesses of all sizes, from individuals to enterprises.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.