Canaccord Genuity Initiates Coverage on magicJack VocalTec (CALL)
Analysts at Canaccord Genuity started coverage on shares of magicJack VocalTec (NASDAQ:CALL) in a research report issued to clients and investors on Monday, Stock Ratings Network reports. The firm set a “buy” rating and a $17.00 price target on the stock. Canaccord Genuity’s target price indicates a potential upside of 39.57% from the company’s current price.
CALL has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of magicJack VocalTec from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, November 28th. They now have a $12.00 price target on the stock.
magicJack VocalTec (NASDAQ:CALL) opened at 12.18 on Monday. magicJack VocalTec has a 52 week low of $10.67 and a 52 week high of $19.28. The stock’s 50-day moving average is $11.85 and its 200-day moving average is $13.42. The company has a market cap of $226.0 million and a P/E ratio of 4.84.
magicJack VocalTec (NASDAQ:CALL) last released its earnings data on Tuesday, November 12th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.33. The company had revenue of $35.50 million for the quarter, compared to the consensus estimate of $40.78 million. Analysts expect that magicJack VocalTec will post $1.88 EPS for the current fiscal year.
magicJack VocalTec Ltd (NASDAQ:CALL) is a provider of voice-over-Internet-Protocol (VoIP), the softphone (magicJack PC) and the magicJack products.
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