Share on StockTwits

Exfo (NASDAQ:EXFO) was upgraded by analysts at TheStreet from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

The analysts wrote, “EXFO (EXFO) has been upgraded by TheStreet Ratings from sell to hold. The company’s strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we find that the company’s return on equity has been disappointing.”

Shares of Exfo (NASDAQ:EXFO) traded down 1.24% during mid-day trading on Monday, hitting $4.79. 11,581 shares of the company’s stock traded hands. Exfo has a 1-year low of $3.96 and a 1-year high of $6.14. The stock’s 50-day moving average is $4.41 and its 200-day moving average is $4.60. The company has a market cap of $289.0 million and a price-to-earnings ratio of 97.00.

Exfo (NASDAQ:EXFO) last announced its earnings results on Wednesday, June 25th. The company reported $0.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.04 by $0.01. The company had revenue of $63.88 million for the quarter, compared to the consensus estimate of $61.25 million. During the same quarter last year, the company posted $0.02 earnings per share. Analysts expect that Exfo will post $0.13 EPS for the current fiscal year.

EXFO has been the subject of a number of other recent research reports. Analysts at CIBC raised their price target on shares of Exfo from $4.00 to $5.00 in a research note on Friday. Six equities research analysts have rated the stock with a hold rating, Exfo currently has an average rating of “Hold” and an average price target of $5.28.

EXFO Inc (NASDAQ:EXFO) is a provider of test and service assurance solutions for network operators and equipment manufacturers in the global telecommunications industry.

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.