ADTRAN Receives Consensus Rating of “Hold” from Brokerages (NASDAQ:ADTN)
ADTRAN (NASDAQ:ADTN) has been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the company, Analyst RN reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $23.93.
ADTN has been the subject of a number of recent research reports. Analysts at MKM Partners reiterated a “” rating on shares of ADTRAN in a research note on Tuesday, July 8th. They now have a $26.00 price target on the stock. Separately, 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. Finally, 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.
Shares of ADTRAN (NASDAQ:ADTN) opened at 22.30 on Wednesday. ADTRAN has a 52 week low of $20.72 and a 52 week high of $27.98. The stock has a 50-day moving average of $22.25 and a 200-day moving average of $24.18. The company has a market cap of $1.258 billion and a price-to-earnings ratio of 27.10.
ADTRAN (NASDAQ:ADTN) last posted its quarterly earnings results on Wednesday, April 16th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the 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 $1.01 EPS for the current fiscal year.
ADTRAN, Inc designs, manufactures and markets solutions and provides services and support for communications networks.