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West Corp (NASDAQ:WSTC) was downgraded by stock analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report issued on Tuesday. They currently have a $29.00 price target on the stock. Morgan Stanley’s price objective would suggest a potential upside of 4.81% from the company’s current price.

The analysts wrote, “We are downgrading WSTC to Equal-weight as we see greater upside for other stocks in our coverage universe, like VRSK and ARMK. WSTC has gained 16% QTD, outperforming the S&P 500, which was up only 3% over that time period. We maintain our $29 price target, implying only 5% upside at the current price of $27.67.”

Shares of West Corp (NASDAQ:WSTC) opened at 27.67 on Tuesday. West Corp has a 1-year low of $20.63 and a 1-year high of $27.72. The stock’s 50-day moving average is $25.57 and its 200-day moving average is $24.84. The company has a market cap of $2.323 billion and a P/E ratio of 12.70.

West Corp (NASDAQ:WSTC) last announced its earnings results on Wednesday, April 23rd. The company reported $0.70 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.65 by $0.05. The company had revenue of $676.20 million for the quarter, compared to the consensus estimate of $661.07 million. During the same quarter last year, the company posted $0.68 earnings per share. West Corp’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that West Corp will post $2.88 earnings per share for the current fiscal year.

Separately, analysts at Zacks upgraded shares of West Corp from an “underperform” rating to a “neutral” rating in a research note on Monday, April 7th. They now have a $24.50 price target on the stock. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. West Corp presently has a consensus rating of “Hold” and a consensus price target of $27.14.

West Corporation is a provider of technology-driven, communication services. The Company offers a broad portfolio of services, including conferencing and collaboration, unified communications, alerts and notifications, emergency communications, business process outsourcing and telephony / interconnect services.

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