Zacks: Communications Systems, Inc. (JCS) Given $6.00 Average Price Target by Brokerages

Shares of Communications Systems, Inc. (NASDAQ:JCS) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Analysts have set a 1-year consensus price objective of $6.00 for the company, according to Zacks. Zacks has also assigned Communications Systems an industry rank of 61 out of 257 based on the ratings given to its competitors.

Communications Systems stock traded down $0.11 on Thursday, reaching $2.84. The company’s stock had a trading volume of 2,486 shares, compared to its average volume of 16,680. The firm has a market cap of $25.25 million, a P/E ratio of -18.93 and a beta of 0.72. Communications Systems has a twelve month low of $2.65 and a twelve month high of $4.24.

A hedge fund recently raised its stake in Communications Systems stock. Renaissance Technologies LLC lifted its position in shares of Communications Systems, Inc. (NASDAQ:JCS) by 6.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 472,400 shares of the communications equipment provider’s stock after acquiring an additional 27,135 shares during the quarter. Renaissance Technologies LLC owned approximately 5.16% of Communications Systems worth $1,800,000 at the end of the most recent reporting period. 30.74% of the stock is owned by institutional investors and hedge funds.

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 Suttle segment provides enclosure systems to support premise distribution of broadband and other connectivity networks; fiber optic management and connectivity solutions for access and premise networks; and modular connecting products for copper telecommunications networks, as well as DSL products that support broadband connectivity to copper networks under the Suttle brand name.

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