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ADTRAN (NASDAQ:ADTN) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Analyst Ratings Network reports. Three equities research 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 average twelve-month price target among brokers that have covered the stock in the last year is $22.93.

A number of research firms have recently commented on ADTN. 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 22.59 on Tuesday. ADTRAN has a one year low of $20.72 and a one year high of $27.98. The stock has a 50-day moving average of $22.39 and a 200-day moving average of $23.45. The company has a market cap of $1.236 billion and a price-to-earnings ratio of 25.09.

ADTRAN (NASDAQ:ADTN) last announced its earnings results on Wednesday, July 16th. The company reported $0.26 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.17 earnings per share. ADTRAN’s revenue was up 8.6% compared to the same quarter last year. 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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