Spirent Communications (SPMYY) Cut to Hold at ValuEngine

ValuEngine downgraded shares of Spirent Communications (OTCMKTS:SPMYY) from a buy rating to a hold rating in a research note released on Wednesday.

Separately, Zacks Investment Research raised Spirent Communications from a hold rating to a buy rating and set a $6.75 price target for the company in a research report on Tuesday.

Spirent Communications stock opened at $5.93 on Wednesday. The firm has a market cap of $906.91 million, a price-to-earnings ratio of 19.77, a P/E/G ratio of 1.50 and a beta of 0.65. Spirent Communications has a fifty-two week low of $5.07 and a fifty-two week high of $7.11.

About Spirent Communications

Spirent Communications plc provides solutions to develop devices and equipment and to operate networks worldwide. The company operates through three segments: Networks & Security, Lifecycle Service Assurance, and Connected Devices. The Networks & Security segment develops performance and security test systems to accelerate the development of new devices, networks, and applications for high-speed Ethernet/IP, mobile, and global satellite navigation systems.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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