West Corp Hits New 52-Week High at $27.85 (WSTC)
West Corp (NASDAQ:WSTC) reached a new 52-week high during mid-day trading on Thursday , Analyst Ratings Network.com reports. The company traded as high as $27.85 and last traded at $27.66, with a volume of 127,974 shares trading hands. The stock had previously closed at $27.62.
A number of research firms have recently commented on WSTC. Analysts at Evercore Partners raised their price target on shares of West Corp from $28.00 to $33.00 in a research note on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of West Corp from $30.00 to $31.00 in a research note on Tuesday, June 24th. Finally, analysts at Morgan Stanley downgraded shares of West Corp from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 17th. They now have a $29.00 price target on the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $27.88.
The stock’s 50-day moving average is $26.56 and its 200-day moving average is $25.1. The company has a market cap of $2.324 billion and a price-to-earnings ratio of 12.68.
West Corp (NASDAQ:WSTC) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, analysts predict that West Corp will post $2.90 earnings per share for the current fiscal year.
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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