ValuEngine Lowers magicJack VocalTec (CALL) to Buy

magicJack VocalTec (NASDAQ:CALL) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

Shares of magicJack VocalTec (NASDAQ:CALL) traded down $0.05 during trading hours on Friday, hitting $8.30. The company had a trading volume of 127,756 shares, compared to its average volume of 580,318. The company has a market cap of $133.75, a P/E ratio of 12.03 and a beta of 0.62. magicJack VocalTec has a 52 week low of $5.55 and a 52 week high of $8.90.

Several large investors have recently made changes to their positions in CALL. Citadel Advisors LLC grew its stake in shares of magicJack VocalTec by 110.1% during the 3rd quarter. Citadel Advisors LLC now owns 39,718 shares of the technology company’s stock valued at $284,000 after acquiring an additional 20,818 shares during the period. Discovery Group I LLC bought a new position in shares of magicJack VocalTec during the 3rd quarter valued at approximately $700,000. Fondren Management LP grew its stake in shares of magicJack VocalTec by 476.7% during the 2nd quarter. Fondren Management LP now owns 144,163 shares of the technology company’s stock valued at $1,038,000 after acquiring an additional 119,163 shares during the period. Sterling Capital Management LLC grew its stake in shares of magicJack VocalTec by 47.8% during the 2nd quarter. Sterling Capital Management LLC now owns 145,371 shares of the technology company’s stock valued at $1,047,000 after acquiring an additional 47,000 shares during the period. Finally, Macquarie Group Ltd. grew its stake in shares of magicJack VocalTec by 45.3% during the 3rd quarter. Macquarie Group Ltd. now owns 179,035 shares of the technology company’s stock valued at $1,280,000 after acquiring an additional 55,835 shares during the period. Institutional investors own 47.25% of the company’s stock.

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magicJack VocalTec Company Profile

magicJack VocalTec Ltd. and its subsidiaries is a cloud communications company. The Company provides magicJack devices and other magicJack products and services. The Company also provides additional products and services, which include voice applications on smart phones, as well as the magicJack PLUS, magicJack GO and magicJack EXPRESS, which are updated versions of the magicJack device that have their own central processing unit (CPU) and can connect a regular phone directly to the users broadband modem/router and function as a standalone phone without using a computer.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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