Zacks: Communications Systems, Inc. (NASDAQ:JCS) Receives Average Recommendation of “Strong Buy” from Analysts

Communications Systems, Inc. (NASDAQ:JCS) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Analysts have set a 1-year consensus price objective of $8.00 for the company and are anticipating that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also assigned Communications Systems an industry rank of 204 out of 255 based on the ratings given to related companies.

Several equities research analysts have weighed in on JCS shares. TheStreet cut shares of Communications Systems from a “b-” rating to a “c+” rating in a research report on Friday, December 27th. Zacks Investment Research cut shares of Communications Systems from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 4th. Northland Securities started coverage on shares of Communications Systems in a research report on Monday, November 25th. They issued a “buy” rating and a $8.00 price objective for the company. Finally, ValuEngine cut shares of Communications Systems from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 28th.

JCS traded up $0.19 during midday trading on Friday, hitting $6.77. The company had a trading volume of 30,000 shares, compared to its average volume of 62,948. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.19 and a current ratio of 4.33. The company has a market capitalization of $61.07 million, a PE ratio of 15.39 and a beta of 0.90. Communications Systems has a twelve month low of $2.50 and a twelve month high of $9.90. The firm’s 50-day simple moving average is $6.26 and its 200-day simple moving average is $5.69.

Hedge funds and other institutional investors have recently modified their holdings of the company. Gabelli Funds LLC boosted its stake in shares of Communications Systems by 3.7% in the 3rd quarter. Gabelli Funds LLC now owns 321,500 shares of the communications equipment provider’s stock valued at $1,469,000 after purchasing an additional 11,500 shares during the last quarter. Morgan Stanley bought a new position in shares of Communications Systems in the 2nd quarter valued at about $48,000. Gamco Investors INC. ET AL boosted its stake in shares of Communications Systems by 25.3% in the 3rd quarter. Gamco Investors INC. ET AL now owns 663,568 shares of the communications equipment provider’s stock valued at $3,033,000 after purchasing an additional 134,043 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Communications Systems by 24.8% in the 4th quarter. Renaissance Technologies LLC now owns 713,811 shares of the communications equipment provider’s stock valued at $4,404,000 after purchasing an additional 141,631 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Communications Systems in the 4th quarter valued at about $93,000. 28.00% of the stock is currently owned by institutional investors.

About Communications Systems

Communications Systems, Inc, through its subsidiaries, manufactures and sells connectivity infrastructure products for broadband and voice communications in North America, Europe, the Middle East, Africa, and internationally. The company's Transition Networks segment designs, assembles, and markets media converters, NIDs, network interface cards, Ethernet switches, small form factor pluggable modules, and other connectivity products under the Transition Networks brand name.

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