Share on StockTwits

magicJack VocalTec (NASDAQ:CALL) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Thursday. The firm currently has a $15.70 target price on the stock. Zacks‘s target price points to a potential upside of 2.48% from the company’s current price.

Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of magicJack VocalTec in a research note on Tuesday, May 13th. They now have a $22.00 price target on the stock, down previously from $24.00.

Shares of magicJack VocalTec (NASDAQ:CALL) traded up 2.55% on Thursday, hitting $15.71. The stock had a trading volume of 370,892 shares. magicJack VocalTec has a 1-year low of $10.67 and a 1-year high of $25.37. The stock’s 50-day moving average is $15.06 and its 200-day moving average is $16.4. The company has a market cap of $280.1 million and a price-to-earnings ratio of 4.23.

magicJack VocalTec (NASDAQ:CALL) last announced its earnings results on Monday, May 12th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.04. The company had revenue of $35.30 million for the quarter, compared to the consensus estimate of $37.18 million. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, analysts predict that magicJack VocalTec will post $1.43 earnings per share 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.

To view Zacks’ full report, visit Zacks’ official website.

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.