Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus target price of $2.90 for the company, according to Zacks. Zacks has also assigned Alaska Communications Systems Group an industry rank of 230 out of 265 based on the ratings given to related companies.

Shares of Alaska Communications Systems Group (NASDAQ ALSK) remained flat at $2.27 during trading on Thursday. 48,775 shares of the stock traded hands. Alaska Communications Systems Group has a 52 week low of $1.49 and a 52 week high of $2.61. The stock has a 50 day moving average of $2.24 and a 200 day moving average of $2.20. The stock’s market capitalization is $119.02 million.

Alaska Communications Systems Group (NASDAQ:ALSK) last announced its quarterly earnings data on Thursday, August 3rd. The utilities provider reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.07). Alaska Communications Systems Group had a negative net margin of 0.65% and a negative return on equity of 0.01%. The company had revenue of $58.50 million for the quarter, compared to the consensus estimate of $58.72 million. During the same quarter in the previous year, the business earned $0.01 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp lifted its holdings in Alaska Communications Systems Group by 7.2% during the 1st quarter. Bank of New York Mellon Corp now owns 70,473 shares of the utilities provider’s stock valued at $130,000 after buying an additional 4,747 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Alaska Communications Systems Group by 51.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 102,276 shares of the utilities provider’s stock valued at $189,000 after buying an additional 34,865 shares in the last quarter. Northern Trust Corp lifted its holdings in Alaska Communications Systems Group by 2.3% during the 2nd quarter. Northern Trust Corp now owns 131,636 shares of the utilities provider’s stock valued at $289,000 after buying an additional 2,952 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Alaska Communications Systems Group during the 2nd quarter valued at about $392,000. Finally, Kennedy Capital Management Inc. lifted its holdings in Alaska Communications Systems Group by 15.5% during the 1st quarter. Kennedy Capital Management Inc. now owns 426,992 shares of the utilities provider’s stock valued at $790,000 after buying an additional 57,308 shares in the last quarter. Institutional investors own 41.52% of the company’s stock.

About Alaska Communications Systems Group

Alaska Communications Systems Group, Inc is a fiber broadband and managed information technology (IT) services provider. The Company is focused primarily on business and wholesale customers in and out of Alaska. The Company also provides telecommunication services to consumers across Alaska. The Company’s facilities-based communications network extends across Alaska and connects to the contiguous states through its undersea fiber optic cable systems and its usage rights on an undersea system.

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