Avaya (AVYA) Reaches New 52-Week Low at $14.24

Avaya Holdings Corp (NYSE:AVYA) shares hit a new 52-week low during trading on Tuesday . The stock traded as low as $14.24 and last traded at $14.73, with a volume of 80540 shares. The stock had previously closed at $15.12.

Several research analysts have recently commented on the company. Citigroup assumed coverage on Avaya in a research note on Friday, August 31st. They set a “neutral” rating and a $25.00 target price for the company. Zacks Investment Research upgraded Avaya from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Monday, August 13th. Finally, Barclays assumed coverage on Avaya in a research note on Friday, October 5th. They set an “equal weight” rating for the company. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $27.25.

The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.13 and a current ratio of 1.22.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Eagle Asset Management Inc. lifted its holdings in Avaya by 0.7% during the 3rd quarter. Eagle Asset Management Inc. now owns 604,317 shares of the company’s stock worth $13,379,000 after purchasing an additional 4,194 shares during the last quarter. Teachers Advisors LLC lifted its holdings in Avaya by 2.2% during the 3rd quarter. Teachers Advisors LLC now owns 207,909 shares of the company’s stock worth $4,603,000 after purchasing an additional 4,382 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Avaya during the 2nd quarter worth approximately $104,000. Rhumbline Advisers lifted its holdings in Avaya by 5.3% during the 3rd quarter. Rhumbline Advisers now owns 108,848 shares of the company’s stock worth $2,410,000 after purchasing an additional 5,468 shares during the last quarter. Finally, BNP Paribas Arbitrage SA acquired a new stake in Avaya during the 2nd quarter worth approximately $123,000.

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Avaya Company Profile (NYSE:AVYA)

Avaya Holdings Corp. operates as a holding company which through its subsidiary, develops business collaboration and communications solutions worldwide. The company was formerly known as Sierra Holdings Corp. The company was incorporated in 2007 and is based in Santa Clara, California.

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