Communications Systems (NASDAQ:JCS) Rating Lowered to Hold at Zacks Investment Research
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. “
Other research analysts also recently issued research reports about the company. Northland Securities set a $5.00 price objective on Communications Systems and gave the stock a “buy” rating in a report on Tuesday, May 14th. ValuEngine raised Communications Systems from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd.
A number of large investors have recently bought and sold shares of JCS. Morgan Stanley acquired a new stake in Communications Systems during the 2nd quarter worth $48,000. Renaissance Technologies LLC grew its holdings in shares of Communications Systems by 1.5% in the 2nd quarter. Renaissance Technologies LLC now owns 513,711 shares of the communications equipment provider’s stock valued at $1,546,000 after acquiring an additional 7,800 shares in the last quarter. Gabelli Funds LLC grew its holdings in Communications Systems by 1.1% during the second quarter. Gabelli Funds LLC now owns 310,000 shares of the communications equipment provider’s stock worth $933,000 after purchasing an additional 3,500 shares during the period. Gamco Investors INC. ET AL grew its holdings in Communications Systems by 0.9% during the second quarter. Gamco Investors INC. ET AL now owns 529,525 shares of the communications equipment provider’s stock worth $1,594,000 after purchasing an additional 4,464 shares during the period. Finally, Bremer Bank National Association bought a new position in Communications Systems during the first quarter worth about $46,000. 26.39% of the stock is currently owned by hedge funds and other institutional investors.
Communications Systems Company Profile
Communications Systems, Inc, through its subsidiaries, manufactures and sells connectivity infrastructure products for broadband and voice communications in North America, Europe, the Middle East, Africa, and internationally. The company's Transition Networks segment designs, assembles, and markets media converters, NIDs, network interface cards, Ethernet switches, small form factor pluggable modules, and other connectivity products under the Transition Networks brand name.
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