ARRIS International (NASDAQ:ARRS) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Several other analysts have also weighed in on ARRS. Raymond James Financial set a $38.00 price objective on shares of ARRIS International and gave the stock a “buy” rating in a report on Monday, December 4th. ValuEngine raised shares of ARRIS International from a “hold” rating to a “buy” rating in a report on Friday, December 1st. TheStreet raised shares of ARRIS International from a “c+” rating to a “b” rating in a report on Monday, October 9th. Northland Securities set a $25.00 price objective on shares of ARRIS International and gave the stock a “hold” rating in a report on Monday, October 16th. Finally, Jefferies Group set a $38.00 price objective on shares of ARRIS International and gave the stock a “buy” rating in a report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $33.89.

Shares of ARRIS International (NASDAQ ARRS) traded up $0.17 on Thursday, reaching $29.31. 762,789 shares of the company’s stock were exchanged, compared to its average volume of 907,182. The company has a market capitalization of $5,449.80, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.25 and a beta of 1.39. The company has a current ratio of 1.83, a quick ratio of 1.43 and a debt-to-equity ratio of 0.65. ARRIS International has a 1 year low of $24.75 and a 1 year high of $31.52.

ARRIS International (NASDAQ:ARRS) last posted its quarterly earnings data on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.18. The company had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.77 billion. ARRIS International had a net margin of 2.51% and a return on equity of 14.02%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the business posted $0.77 earnings per share. analysts expect that ARRIS International will post 2.33 earnings per share for the current fiscal year.

In related news, insider Lawrence Robinson sold 4,167 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $30.00, for a total value of $125,010.00. Following the completion of the sale, the insider now owns 71,721 shares of the company’s stock, valued at $2,151,630. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Patrick W. Macken sold 1,250 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $29.26, for a total transaction of $36,575.00. Following the completion of the sale, the senior vice president now directly owns 4,556 shares of the company’s stock, valued at approximately $133,308.56. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. NGAM Advisors L.P. grew its holdings in ARRIS International by 4.6% during the 2nd quarter. NGAM Advisors L.P. now owns 11,170 shares of the communications equipment provider’s stock worth $313,000 after acquiring an additional 489 shares during the period. Fernwood Investment Management LLC grew its holdings in ARRIS International by 16.9% during the 2nd quarter. Fernwood Investment Management LLC now owns 13,800 shares of the communications equipment provider’s stock worth $387,000 after acquiring an additional 2,000 shares during the period. Public Employees Retirement System of Ohio grew its holdings in ARRIS International by 2.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 121,007 shares of the communications equipment provider’s stock worth $3,391,000 after acquiring an additional 3,289 shares during the period. Amalgamated Bank grew its holdings in ARRIS International by 18.3% during the 2nd quarter. Amalgamated Bank now owns 35,507 shares of the communications equipment provider’s stock worth $995,000 after acquiring an additional 5,488 shares during the period. Finally, Aperio Group LLC grew its holdings in ARRIS International by 33.7% during the 2nd quarter. Aperio Group LLC now owns 25,776 shares of the communications equipment provider’s stock worth $722,000 after acquiring an additional 6,492 shares during the period. 86.64% of the stock is owned by institutional investors and hedge funds.

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About ARRIS International

ARRIS International plc is a media entertainment and data communications solutions provider. The Company operates in two segments: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The Company enables service providers, including cable, telephone, and digital broadcast satellite operators, and media programmers to deliver media, voice and Internet Protocol (IP) data services to their subscribers.

Analyst Recommendations for ARRIS International (NASDAQ:ARRS)

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