AudioCodes Ltd. (NASDAQ:AUDC) has been given a consensus recommendation of “Buy” by the six research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $9.00.

Several analysts have commented on AUDC shares. ValuEngine upgraded shares of AudioCodes from a “hold” rating to a “buy” rating in a research report on Friday, January 11th. BidaskClub cut AudioCodes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. Finally, Northland Securities set a $7.00 target price on shares of AudioCodes and gave the company a “hold” rating in a research note on Thursday, December 20th.

Shares of AUDC traded up $0.01 on Friday, reaching $12.80. 289,375 shares of the company’s stock were exchanged, compared to its average volume of 335,430. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.12 and a quick ratio of 1.67. The company has a market cap of $368.86 million, a price-to-earnings ratio of 24.21 and a beta of 0.87. AudioCodes has a 12 month low of $6.62 and a 12 month high of $14.96.

AudioCodes (NASDAQ:AUDC) last posted its quarterly earnings results on Monday, January 28th. The communications equipment provider reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The business had revenue of $45.78 million during the quarter. AudioCodes had a net margin of 7.66% and a return on equity of 18.10%.

The company also recently disclosed an annual dividend, which will be paid on Tuesday, February 19th. Investors of record on Thursday, February 7th will be given a $0.11 dividend. This represents a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, February 6th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC increased its holdings in shares of AudioCodes by 2.2% in the second quarter. Renaissance Technologies LLC now owns 211,600 shares of the communications equipment provider’s stock worth $1,646,000 after acquiring an additional 4,567 shares in the last quarter. Millennium Management LLC increased its position in shares of AudioCodes by 20.4% during the second quarter. Millennium Management LLC now owns 76,055 shares of the communications equipment provider’s stock worth $591,000 after acquiring an additional 12,890 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in AudioCodes by 22.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 31,736 shares of the communications equipment provider’s stock worth $319,000 after purchasing an additional 5,801 shares in the last quarter. Ramsey Quantitative Systems increased its holdings in AudioCodes by 56.5% during the 3rd quarter. Ramsey Quantitative Systems now owns 67,004 shares of the communications equipment provider’s stock worth $674,000 after purchasing an additional 24,202 shares in the last quarter. Finally, Acadian Asset Management LLC increased its holdings in AudioCodes by 19.5% during the 3rd quarter. Acadian Asset Management LLC now owns 1,197,083 shares of the communications equipment provider’s stock worth $12,045,000 after purchasing an additional 195,458 shares in the last quarter. Institutional investors and hedge funds own 30.56% of the company’s stock.

AudioCodes Company Profile

AudioCodes Ltd. designs, develops, and sells voice over IP (VoIP), converged VoIP, and data networking products and applications for enterprise unified communications, contact centers, service provider business services, mobile VoIP, and cloud virtualized data centers worldwide. The company's products include IP phones, session border controllers (SBC), media gateways, multi-service business routers, huddle room solutions, managed IP Phones, and survivable branch appliances; CloudBond 365, an adaptable solution for the data center; CloudBond 365 CCE appliances; User Management Pack 365, a software management application; VoIP management and routing, a suite of lifecycle applications for large scale cloud or premises-based unified communications deployments; MobilityPLUS, a mobile VoIP solution; VocaNOM call routing products; SmartTAP call recording products; Auto Attendant, a tool for managing inbound calls and delivery services; Fax Server, a tool for managing inbound and outbound enterprise fax transmissions; SIP Phone Support, a value-added application for SBC and gateways; signal processor chips; communications boards; and voice and data logging hardware integration board products.

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