Tellabs PT Raised to $2.45 at Jefferies Group (TLAB)
Research analysts at Jefferies Group increased their price objective on shares of Tellabs (NASDAQ:TLAB) from $2.25 to $2.45 in a report released on Wednesday, Analyst Ratings News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target suggests a potential upside of 0.82% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Argus downgraded shares of Tellabs from a “hold” rating to a “sell” rating in a research note to investors on Tuesday. Separately, analysts at BMO Capital Markets raised their price target on shares of Tellabs from $2.00 to $2.45 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Finally, analysts at Zacks upgraded shares of Tellabs from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 27th. They now have a $2.50 price target on the stock. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $2.54.
Tellabs (NASDAQ:TLAB) traded down 0.41% during mid-day trading on Wednesday, hitting $2.43. 23,142,788 shares of the company’s stock traded hands. Tellabs has a 52 week low of $1.90 and a 52 week high of $3.76. The stock has a 50-day moving average of $2.29 and a 200-day moving average of $2.13. The company’s market cap is $864.2 million.
Tellabs (NASDAQ:TLAB) last released its earnings data on Thursday, August 1st. The company reported $0.00 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.02. The company had revenue of $212.10 million for the quarter, compared to the consensus estimate of $210.34 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The company’s quarterly revenue was down 26.4% on a year-over-year basis. Analysts expect that Tellabs will post $-0.01 EPS for the current fiscal year.
Tellabs, Inc is engaged in designing and marketing equipment and services to communications-services providers worldwide.
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