Communications Systems Inc. (NASDAQ:JCS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Communications Systems manufactures and markets connectors and wiring devices for voice, data and video communications under the Suttle brand name in the United States and internationally. The company also manufactures a line of high performance fiber-optic connectors, interconnect devices and fiber cable assemblies for the telecommunications, computer and electronics markets. The company has several manufacturing plants in the United States and abroad. “

Shares of Communications Systems (NASDAQ:JCS) opened at 4.58 on Tuesday. Communications Systems has a 52-week low of $4.51 and a 52-week high of $8.89. The firm’s market capitalization is $40.58 million. The company’s 50-day moving average is $5.19 and its 200 day moving average is $6.49.

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Communications Systems (NASDAQ:JCS) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by $0.12. Communications Systems had a negative return on equity of 13.26% and a negative net margin of 8.54%. Analysts expect that Communications Systems will post ($0.97) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 3rd. Stockholders of record on Thursday, September 15th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Tuesday, September 13th. Communications Systems’s payout ratio is -14.81%.

Several large investors have recently made changes to their positions in JCS. Bank of New York Mellon Corp increased its stake in shares of Communications Systems by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 14,337 shares of the company’s stock worth $100,000 after buying an additional 38 shares during the last quarter. Teton Advisors Inc. boosted its position in Communications Systems by 24.0% in the second quarter. Teton Advisors Inc. now owns 378,590 shares of the company’s stock valued at $2,639,000 after buying an additional 73,200 shares during the period. Gamco Investors INC. ET AL boosted its position in Communications Systems by 30.6% in the second quarter. Gamco Investors INC. ET AL now owns 587,958 shares of the company’s stock valued at $4,098,000 after buying an additional 137,883 shares during the period. Finally, Gabelli Funds LLC boosted its position in Communications Systems by 63.3% in the second quarter. Gabelli Funds LLC now owns 392,000 shares of the company’s stock valued at $2,732,000 after buying an additional 152,000 shares during the period. 38.25% of the stock is currently owned by hedge funds and other institutional investors.

Communications Systems Company Profile

Communications Systems, Inc (CSI) operates directly and through its subsidiaries located in the United States, Costa Rica and the United Kingdom. The Company operates through three segments: Suttle, Transition Networks and JDL Technologies (JDL). The Company provides physical connectivity infrastructure products and services for global deployments of broadband networks.

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