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magicJack VocalTec (NASDAQ:CALL) was downgraded by equities researchers at Canaccord Genuity from a “buy” rating to a “hold” rating in a research report issued on Tuesday, reports. They currently have a $14.00 target price on the stock, down from their previous target price of $22.00. Canaccord Genuity’s price objective points to a potential upside of 7.28% from the company’s current price.

magicJack VocalTec (NASDAQ:CALL) traded down 11.57% on Tuesday, hitting $11.54. 1,932,452 shares of the company’s stock traded hands. magicJack VocalTec has a 1-year low of $10.67 and a 1-year high of $25.37. The stock has a 50-day moving average of $14.19 and a 200-day moving average of $16.73. The company has a market cap of $205.8 million and a P/E ratio of 3.61.

magicJack VocalTec (NASDAQ:CALL) last announced its earnings results on Monday, August 11th. The company reported $0.31 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.31. The company had revenue of $29.50 million for the quarter, compared to the consensus estimate of $31.84 million. magicJack VocalTec’s revenue was down 10.4% compared to the same quarter last year. On average, analysts predict that magicJack VocalTec will post $1.37 earnings per share for the current fiscal year.

Separately, analysts at Zacks downgraded shares of magicJack VocalTec from a “neutral” rating to an “underperform” rating in a research note on Friday, July 25th. They now have a $13.30 price target on the stock.

magicJack VocalTec Ltd (NASDAQ:CALL) is a provider of voice-over-Internet-Protocol (VoIP), the softphone (magicJack PC) and the magicJack products.

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