ADTRAN, Inc. (NASDAQ:ADTN) has earned an average rating of “Hold” from the eleven brokerages that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $20.75.

ADTN has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $22.00 price target (down from $26.00) on shares of ADTRAN in a research report on Friday, January 12th. Zacks Investment Research downgraded shares of ADTRAN from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. TheStreet downgraded shares of ADTRAN from a “b” rating to a “c+” rating in a research report on Wednesday, January 17th. ValuEngine downgraded shares of ADTRAN from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Cowen reiterated a “hold” rating and issued a $16.00 price target on shares of ADTRAN in a research report on Friday, December 29th.

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Shares of ADTRAN (NASDAQ ADTN) traded up $0.05 during midday trading on Wednesday, hitting $15.55. 477,585 shares of the stock traded hands, compared to its average volume of 629,586. The company has a market cap of $750.57, a price-to-earnings ratio of 31.10, a PEG ratio of 3.23 and a beta of 0.56. The company has a quick ratio of 2.79, a current ratio of 3.87 and a debt-to-equity ratio of 0.05. ADTRAN has a one year low of $15.25 and a one year high of $25.10.

ADTRAN (NASDAQ:ADTN) last issued its earnings results on Tuesday, January 16th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.04. The company had revenue of $126.52 million for the quarter, compared to analyst estimates of $125.90 million. ADTRAN had a net margin of 3.58% and a return on equity of 7.95%. equities research analysts expect that ADTRAN will post 0.48 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Wednesday, January 31st were issued a dividend of $0.09 per share. The ex-dividend date was Tuesday, January 30th. This represents a $0.36 annualized dividend and a yield of 2.32%. ADTRAN’s dividend payout ratio (DPR) is currently 72.00%.

A number of hedge funds have recently made changes to their positions in ADTN. Public Employees Retirement System of Ohio raised its holdings in ADTRAN by 5.8% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 6,804 shares of the communications equipment provider’s stock worth $141,000 after buying an additional 373 shares during the period. Thompson Davis & CO. Inc. acquired a new stake in ADTRAN during the 3rd quarter worth approximately $157,000. SG Americas Securities LLC acquired a new stake in ADTRAN during the 3rd quarter worth approximately $190,000. All Terrain Financial Advisors LLC acquired a new stake in ADTRAN during the 4th quarter worth approximately $194,000. Finally, Two Sigma Advisers LP acquired a new stake in ADTRAN during the 4th quarter worth approximately $199,000. Hedge funds and other institutional investors own 89.94% of the company’s stock.

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About ADTRAN

ADTRAN, Inc (ADTRAN) is a provider of networking and communications equipment. The Company’s solutions enable voice, data, video and Internet communications across a range of network infrastructures. It operates through two segments: Network Solutions and Services & Support. Network Solutions includes software and hardware products that enable CSPs and enterprise customers to realize a fully connected world.

Analyst Recommendations for ADTRAN (NASDAQ:ADTN)

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