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ADTRAN (NASDAQ:ADTN) has been given a consensus recommendation of “Hold” by the seven analysts that are covering the company, American Banking News.com reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $22.93.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of ADTRAN from a “neutral” rating to an “underperform” rating in a research note on Friday, August 8th. They now have a $20.00 price target on the stock. Separately, analysts at MKM Partners cut their price target on shares of ADTRAN from $26.00 to $25.00 in a research note on Thursday, July 17th. They now have a “neutral” rating on the stock. Finally, analysts at Needham & Company LLC cut their price target on shares of ADTRAN from $30.00 to $28.00 in a research note on Thursday, July 17th. They now have a “buy” rating on the stock.

ADTRAN (NASDAQ:ADTN) opened at 22.425 on Tuesday. 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 $22.41 and its 200-day moving average is $23.51. The company has a market cap of $1.227 billion and a price-to-earnings ratio of 24.78. ADTRAN also was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 2,946,307 shares, a decline of 20.6% from the July 15th total of 3,711,871 shares. Approximately 5.3% of the company’s shares are short sold. Based on an average trading volume of 719,388 shares, the short-interest ratio is presently 4.1 days.

ADTRAN (NASDAQ:ADTN) last posted its quarterly earnings results on Wednesday, July 16th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.01. The company had revenue of $176.10 million for the quarter, compared to the consensus estimate of $175.68 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. On average, analysts predict that ADTRAN will post $0.94 earnings per share for the current fiscal year.

ADTRAN, Inc designs, manufactures and markets solutions and provides services and support for communications networks.

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