Communications Systems (NASDAQ:JCS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

According to Zacks, “Communications Systems manufactures and markets connectors and wiring devices for voice, data and video communications under the Suttle brand name in the United States and internationally. The company also manufactures a line of high performance fiber-optic connectors, interconnect devices and fiber cable assemblies for the telecommunications, computer and electronics markets. The company has several manufacturing plants in the United States and abroad. “

Communications Systems (JCS) traded up $0.23 during trading on Wednesday, reaching $3.77. 43,896 shares of the company traded hands, compared to its average volume of 17,035. Communications Systems has a 12-month low of $3.18 and a 12-month high of $5.19.

Hedge funds have recently modified their holdings of the business. Macquarie Group Ltd. purchased a new position in Communications Systems in the 3rd quarter valued at approximately $119,000. Gould Asset Management LLC CA purchased a new position in Communications Systems in the 3rd quarter valued at approximately $124,000. Finally, Ameriprise Financial Inc. boosted its position in Communications Systems by 33.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 29,831 shares of the communications equipment provider’s stock valued at $129,000 after buying an additional 7,514 shares during the period. 32.13% of the stock is owned by institutional investors.

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About Communications Systems

Communications Systems, Inc (CSI) operates directly and through its subsidiaries located in the United States, Costa Rica and the United Kingdom. The Company operates through three segments: Suttle, Transition Networks and JDL Technologies (JDL). The Company provides physical connectivity infrastructure products and services for global deployments of broadband networks.

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