Zacks Raises ADTRAN to Neutral (ADTN)

By admin | 6 years ago

ADTRAN (NASDAQ: ADTN) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Friday. The firm currently has a $31.00 target price on the stock.

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.

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