ValuEngine upgraded shares of magicJack VocalTec Ltd (NASDAQ:CALL) from a buy rating to a strong-buy rating in a research note published on Thursday.

magicJack VocalTec (NASDAQ:CALL) remained flat at $$8.32 during trading on Thursday. The company had a trading volume of 848,100 shares, compared to its average volume of 132,763. The company has a market capitalization of $134.16, a price-to-earnings ratio of 12.06 and a beta of 0.53. magicJack VocalTec has a one year low of $5.55 and a one year high of $8.90.

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Several institutional investors have recently bought and sold shares of CALL. California Public Employees Retirement System lifted its stake in shares of magicJack VocalTec by 14.9% in the first quarter. California Public Employees Retirement System now owns 187,900 shares of the technology company’s stock worth $1,607,000 after acquiring an additional 24,300 shares during the period. Renaissance Technologies LLC lifted its stake in shares of magicJack VocalTec by 5.5% in the first quarter. Renaissance Technologies LLC now owns 902,636 shares of the technology company’s stock worth $7,718,000 after acquiring an additional 46,736 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of magicJack VocalTec by 80.2% in the first quarter. Goldman Sachs Group Inc. now owns 168,639 shares of the technology company’s stock worth $1,442,000 after acquiring an additional 75,077 shares during the period. Emancipation Management LLC lifted its stake in shares of magicJack VocalTec by 320.1% in the second quarter. Emancipation Management LLC now owns 275,422 shares of the technology company’s stock worth $1,983,000 after acquiring an additional 209,854 shares during the period. Finally, Numeric Investors LLC lifted its stake in shares of magicJack VocalTec by 10.5% in the second quarter. Numeric Investors LLC now owns 509,776 shares of the technology company’s stock worth $3,670,000 after acquiring an additional 48,300 shares during the period. 41.51% of the stock is currently owned by institutional investors.

magicJack VocalTec Company Profile

magicJack VocalTec Ltd. and its subsidiaries is a cloud communications company. The Company provides magicJack devices and other magicJack products and services. The Company also provides additional products and services, which include voice applications on smart phones, as well as the magicJack PLUS, magicJack GO and magicJack EXPRESS, which are updated versions of the magicJack device that have their own central processing unit (CPU) and can connect a regular phone directly to the users broadband modem/router and function as a standalone phone without using a computer.

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