Zacks Raises ADTRAN to Neutral (ADTN)
ADTRAN opened at 28.66 on Friday. ADTRAN has a 1-year low of $25.46 and a 1-year high of $43.58. The company has a market cap of $1.826 billion and a price-to-earnings ratio of 15.90.
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley (NYSE: MS) raised their EPS on shares of ADTRAN in a research note to investors on Wednesday, May 16th. They now have an “equal weight” rating on the stock. Separately, analysts at Auriga reiterated a “hold” rating on shares of ADTRAN in a research note to investors on Wednesday, May 9th. Finally, analysts at Auriga initiated coverage on shares of ADTRAN in a research note to investors on Tuesday, April 24th. They set a “hold” rating and a $34.00 price target on the stock.
ADTRAN, Inc. designs, manufactures, markets and services network access solutions for communications networks.