Shares of ADTRAN, Inc. (NASDAQ:ADTN) have been given an average recommendation of “Hold” by the seven brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and six have issued a hold rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $12.00.
A number of equities analysts recently weighed in on the stock. Northland Securities reiterated a “hold” rating and issued a $10.00 price objective on shares of ADTRAN in a research report on Thursday, October 10th. BidaskClub lowered shares of ADTRAN from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 15th. ValuEngine upgraded shares of ADTRAN from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research lowered shares of ADTRAN from a “buy” rating to a “hold” rating and set a $10.00 target price on the stock. in a research report on Monday, October 14th. Finally, MKM Partners lowered shares of ADTRAN from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $17.00 to $11.00 in a research report on Thursday, October 10th.
In related news, VP Roger D. Shannon sold 6,200 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $9.71, for a total value of $60,202.00. Following the sale, the vice president now directly owns 12,809 shares in the company, valued at approximately $124,375.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.52% of the stock is owned by insiders.
NASDAQ:ADTN traded up $0.05 during midday trading on Monday, reaching $9.68. The stock had a trading volume of 3,697 shares, compared to its average volume of 354,655. The firm has a fifty day simple moving average of $10.76 and a two-hundred day simple moving average of $13.58. ADTRAN has a 12-month low of $8.09 and a 12-month high of $17.81. The stock has a market cap of $469.18 million, a P/E ratio of -20.62, a P/E/G ratio of 42.04 and a beta of 1.24.
ADTRAN, Inc provides networking and communications equipment worldwide. The company operates through two segments, Network Solutions and Services & Support. It offers access and aggregation solutions, including network management and subscriber services control and orchestration software within a SD-access architecture; SDN-controlled programmable network elements; fiber to the premises and fiber to the node (FTTN) multi-service access nodes (MSAN); fiber aggregation and FTTN MSAN; fiber to the distribution point optical network units; optical line terminals; optical networking edge aggregation; and IP digital subscriber line access multiplexers.
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