ValuEngine lowered shares of ARRIS International (NASDAQ:ARRS) from a buy rating to a hold rating in a research report sent to investors on Friday.

A number of other brokerages have also recently commented on ARRS. Raymond James Financial set a $38.00 price objective on ARRIS International and gave the company a buy rating in a research note on Monday, December 4th. BidaskClub cut ARRIS International from a hold rating to a sell rating in a research note on Thursday, December 7th. TheStreet raised ARRIS International from a c+ rating to a b rating in a research note on Monday, October 9th. Zacks Investment Research raised ARRIS International from a hold rating to a buy rating and set a $32.00 price objective for the company in a research note on Tuesday, November 7th. Finally, Northland Securities set a $25.00 price objective on ARRIS International and gave the company a hold rating in a research note on Monday, October 16th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. ARRIS International currently has a consensus rating of Hold and an average target price of $33.20.

Shares of ARRIS International (NASDAQ ARRS) opened at $24.13 on Friday. The firm has a market capitalization of $4,510.00, a P/E ratio of 27.74, a price-to-earnings-growth ratio of 0.97 and a beta of 1.28. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. ARRIS International has a 1-year low of $24.10 and a 1-year high of $30.79.

ARRIS International (NASDAQ:ARRS) last issued its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.18. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period in the previous year, the company posted $0.77 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. equities analysts anticipate that ARRIS International will post 2.32 EPS for the current year.

In related news, insider Lawrence Robinson sold 4,167 shares of ARRIS International stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $30.00, for a total transaction of $125,010.00. Following the transaction, the insider now owns 71,721 shares of the company’s stock, valued at $2,151,630. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Philip Charles Baldock sold 4,930 shares of ARRIS International stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $26.11, for a total value of $128,722.30. Following the transaction, the senior vice president now directly owns 13,529 shares in the company, valued at approximately $353,242.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,347 shares of company stock worth $290,307. 0.90% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. FNY Partners Fund LP purchased a new position in shares of ARRIS International during the fourth quarter valued at approximately $100,000. Oakbrook Investments LLC purchased a new position in ARRIS International in the fourth quarter worth $361,000. Crossmark Global Holdings Inc. purchased a new position in ARRIS International in the third quarter worth $473,000. Quantbot Technologies LP purchased a new position in ARRIS International in the third quarter worth $514,000. Finally, Meeder Asset Management Inc. boosted its position in ARRIS International by 38.8% in the third quarter. Meeder Asset Management Inc. now owns 30,371 shares of the communications equipment provider’s stock worth $865,000 after purchasing an additional 8,496 shares during the last quarter. 86.99% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “ARRIS International (ARRS) Downgraded to Hold at ValuEngine” was reported by Watch List News and is owned by of Watch List News. If you are viewing this story on another publication, it was illegally copied and republished in violation of U.S. & international copyright & trademark law. The legal version of this story can be viewed at https://www.watchlistnews.com/arris-international-arrs-downgraded-to-hold-at-valuengine/1847035.html.

About ARRIS International

ARRIS International plc is a media entertainment and data communications solutions provider. The Company operates in two segments: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The Company enables service providers, including cable, telephone, and digital broadcast satellite operators, and media programmers to deliver media, voice and Internet Protocol (IP) data services to their subscribers.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for ARRIS International (NASDAQ:ARRS)

Receive News & Ratings for ARRIS International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ARRIS International and related companies with MarketBeat.com's FREE daily email newsletter.