Out of 8 analysts covering Adtran Inc. (NASDAQ:ADTN), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. Adtran Inc. has been the topic of 14 analyst reports since October 2, 2015 according to StockzIntelligence Inc. Cowen & Co upgraded the stock on February 4 to “Market Perform” rating. Below is a list of ADTRAN, Inc. (NASDAQ:ADTN) latest ratings and price target changes.
The stock increased 0.11% or $0.02 during the last trading session, hitting $18.91. ADTRAN, Inc. (NASDAQ:ADTN) has risen 1.07% since February 25, 2016 and is uptrending. It has underperformed by 10.19% the S&P500.
ADTRAN, Inc. is a provider of networking and communications equipment. The company has a market cap of $923.04 million. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It has a 33.37 P/E ratio. It operates through two divisions: the Carrier Networks Division and the Enterprise Networks Division.
Insitutional Activity: The institutional sentiment decreased to 1.08 in Q2 2016. Its down 0.13, from 1.21 in 2016Q1. The ratio fall, as 14 funds sold all ADTRAN, Inc. shares owned while 52 reduced positions. 20 funds bought stakes while 51 increased positions. They now own 43.51 million shares or 5.85% less from 46.22 million shares in 2016Q1.
Tieton Capital Management Llc holds 5.73% of its portfolio in ADTRAN, Inc. for 315,724 shares. Rail owns 426,334 shares or 1.91% of their US portfolio. Moreover, Van Berkom & Associates Inc. has 1.88% invested in the company for 2.20 million shares. The Illinois-based Skyline Asset Management Lp has invested 1.3% in the stock. Fuller & Thaler Asset Management Inc., a California-based fund reported 2.46 million shares.
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