ADTRAN’s “” Rating Reaffirmed at MKM Partners (ADTN)
ADTRAN (NASDAQ:ADTN)‘s stock had its “” rating restated by equities research analysts at MKM Partners in a research note issued to investors on Tuesday. They currently have a $26.00 price objective on the stock. MKM Partners’ price objective indicates a potential upside of 16.23% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of ADTRAN in a research note on Wednesday, April 30th. They now have a $24.00 price target on the stock. Separately, analysts at Jefferies Group reiterated an “underperform” rating on shares of ADTRAN in a research note on Thursday, April 17th. They now have a $19.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of ADTRAN in a research note on Thursday, April 17th. They now have a $22.50 price target on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $23.93.
ADTRAN (NASDAQ:ADTN) traded down 2.99% during mid-day trading on Tuesday, hitting $22.36. 595,110 shares of the company’s stock traded hands. ADTRAN has a one year low of $20.72 and a one year high of $27.98. The stock’s 50-day moving average is $22.23 and its 200-day moving average is $24.26. The company has a market cap of $1.261 billion and a price-to-earnings ratio of 28.32.
ADTRAN (NASDAQ:ADTN) last released its earnings data on Wednesday, April 16th. The company reported $0.21 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.04. The company had revenue of $147.00 million for the quarter, compared to the consensus estimate of $149.36 million. Analysts expect that ADTRAN will post $1.02 EPS for the current fiscal year.
ADTRAN, Inc designs, manufactures and markets solutions and provides services and support for communications networks.
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