Zacks: Communications Systems, Inc. (JCS) Given Consensus Rating of “Strong Buy” by Brokerages

Shares of Communications Systems, Inc. (NASDAQ:JCS) have earned a consensus 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 12-month consensus price target of $8.00 for the company, according to Zacks. Zacks has also assigned Communications Systems an industry rank of 158 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised Communications Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th.

Several institutional investors and hedge funds have recently bought and sold shares of JCS. Ameriprise Financial Inc. increased its holdings in Communications Systems by 33.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 29,831 shares of the communications equipment provider’s stock worth $129,000 after buying an additional 7,514 shares in the last quarter. Macquarie Group Ltd. bought a new stake in Communications Systems in the 3rd quarter worth about $119,000. Finally, Gould Asset Management LLC CA bought a new stake in Communications Systems in the 3rd quarter worth about $124,000. 32.13% of the stock is owned by hedge funds and other institutional investors.

Communications Systems (NASDAQ JCS) traded down $0.12 on Monday, hitting $3.58. The stock had a trading volume of 13,364 shares, compared to its average volume of 10,080. The stock has a market cap of $33.19, a price-to-earnings ratio of -2.67 and a beta of 0.99. Communications Systems has a 12-month low of $3.41 and a 12-month high of $5.19.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, December 15th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend was Thursday, December 14th. Communications Systems’s dividend payout ratio is presently -11.94%.

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About Communications Systems

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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