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 cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokers have set a 12-month consensus target price of $8.00 for the company, according to Zacks. Zacks has also assigned Communications Systems an industry rank of 198 out of 265 based on the ratings given to related companies.

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

Several hedge funds and other institutional investors have recently made changes to their positions in JCS. Macquarie Group Ltd. acquired a new stake in shares of Communications Systems in the third quarter valued at about $119,000. Gould Asset Management LLC CA acquired a new stake in shares of Communications Systems in the third quarter valued at about $124,000. Finally, Ameriprise Financial Inc. grew its position in shares of Communications Systems by 33.7% in the second quarter. Ameriprise Financial Inc. now owns 29,831 shares of the communications equipment provider’s stock valued at $129,000 after purchasing an additional 7,514 shares during the period. Institutional investors and hedge funds own 32.00% of the company’s stock.

Communications Systems (NASDAQ:JCS) opened at $3.71 on Monday. Communications Systems has a fifty-two week low of $3.18 and a fifty-two week high of $5.10. The firm has a market cap of $33.01, a price-to-earnings ratio of -2.77 and a beta of 0.91.

Communications Systems (NASDAQ:JCS) last released its quarterly earnings data on Friday, November 3rd. The communications equipment provider reported ($0.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.48). Communications Systems had a negative net margin of 13.91% and a negative return on equity of 20.94%.

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Communications Systems Company Profile

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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