Zacks: DASAN Zhone Solutions, Inc. (DZSI) Given Average Rating of “Strong Buy” by Brokerages

Shares of DASAN Zhone Solutions, Inc. (NASDAQ:DZSI) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Brokerages have set a twelve-month consensus price target of $10.00 for the company and are predicting that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also given DASAN Zhone Solutions an industry rank of 25 out of 265 based on the ratings given to related companies.

Several research firms have recently weighed in on DZSI. Zacks Investment Research upgraded DASAN Zhone Solutions from a “hold” rating to a “buy” rating and set a $9.75 target price on the stock in a research report on Friday, November 17th. ValuEngine downgraded DASAN Zhone Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th.

A hedge fund recently raised its stake in DASAN Zhone Solutions stock. Dimensional Fund Advisors LP increased its stake in shares of DASAN Zhone Solutions, Inc. (NASDAQ:DZSI) by 43.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,758 shares of the communications equipment provider’s stock after buying an additional 8,717 shares during the quarter. Dimensional Fund Advisors LP owned about 0.18% of DASAN Zhone Solutions worth $196,000 at the end of the most recent reporting period. 8.99% of the stock is currently owned by institutional investors and hedge funds.

DASAN Zhone Solutions (NASDAQ:DZSI) opened at $8.29 on Friday. DASAN Zhone Solutions has a 1 year low of $4.25 and a 1 year high of $8.76. The company has a current ratio of 1.80, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08.

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About DASAN Zhone Solutions

DASAN Zhone Solutions, Inc, formerly Zhone Technologies, Inc, designs, develops and manufactures communications network equipment for telecommunications operators and enterprises across the world. The Company’s products provide enterprise solutions that enable both network service providers and enterprises to deliver high speed fiber access, while transporting voice, video and data to the end user.

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