Ribbon Communications (RBBN) Lowered to “Sell” at ValuEngine

Ribbon Communications (NASDAQ:RBBN) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Monday, February 5th.

A number of other equities research analysts have also issued reports on the company. Zacks Investment Research raised Ribbon Communications from a “hold” rating to a “strong-buy” rating and set a $8.25 price target for the company in a research note on Thursday, October 19th. Cowen restated a “sell” rating on shares of Ribbon Communications in a report on Tuesday, October 17th. William Blair restated a “buy” rating on shares of Ribbon Communications in a report on Friday, December 8th. TheStreet upgraded Ribbon Communications from a “d+” rating to a “c” rating in a report on Monday, October 23rd. Finally, BidaskClub downgraded Ribbon Communications from a “hold” rating to a “sell” rating in a report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Ribbon Communications currently has a consensus rating of “Hold” and an average target price of $7.25.

Shares of Ribbon Communications (NASDAQ RBBN) opened at $7.01 on Monday. Ribbon Communications has a one year low of $5.77 and a one year high of $9.05. The stock has a market capitalization of $700.59, a P/E ratio of -15.58, a PEG ratio of 1.29 and a beta of 1.67.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ellington Management Group LLC acquired a new stake in Ribbon Communications during the 4th quarter worth about $109,000. Teacher Retirement System of Texas acquired a new stake in Ribbon Communications during the 4th quarter worth about $110,000. Bank of Montreal Can acquired a new stake in Ribbon Communications during the 4th quarter worth about $152,000. Two Sigma Securities LLC acquired a new stake in Ribbon Communications during the 4th quarter worth about $160,000. Finally, Nwam LLC acquired a new position in shares of Ribbon Communications in the 4th quarter valued at about $164,000. 32.99% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION NOTICE: “Ribbon Communications (RBBN) Lowered to “Sell” at ValuEngine” was originally published by Week Herald and is owned by of Week Herald. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this report can be viewed at https://weekherald.com/2018/02/15/ribbon-communications-rbbn-downgraded-by-valuengine.html.

Ribbon Communications Company Profile

Sonus Networks, Inc, formerly Solstice Sapphire Investments, Inc, is a provider of networked solutions for communications service providers and enterprises to help them secure and unify their real-time communications infrastructures. The Company helps communications service providers and enterprises hold the session initiation protocol (SIP) and fourth generation (4G)/long term evolution (LTE)-based solutions, including voice over Internet protocol (VoIP), voice over wireless fidelity (VoWiFi), video and unified communications (UC) by securing and enabling Internet Protocol (IP) networks.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Ribbon Communications (NASDAQ:RBBN)

Receive News & Ratings for Ribbon Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ribbon Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply