Communications Systems, Inc. (JCS) Given Consensus Rating of “Strong Buy” by Analysts

Communications Systems, Inc. (NASDAQ:JCS) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokerages have set a 1 year consensus price target of $6.00 for the company, according to Zacks. Zacks has also given Communications Systems an industry rank of 103 out of 255 based on the ratings given to related companies.

Separately, ValuEngine upgraded Communications Systems from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd.

A hedge fund recently raised its stake in Communications Systems stock. Renaissance Technologies LLC boosted its holdings in shares of Communications Systems, Inc. (NASDAQ:JCS) by 6.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 472,400 shares of the communications equipment provider’s stock after purchasing an additional 27,135 shares during the period. Renaissance Technologies LLC owned about 5.16% of Communications Systems worth $1,800,000 at the end of the most recent quarter. 30.78% of the stock is owned by institutional investors.

Shares of JCS stock traded down $0.17 during trading on Monday, hitting $2.95. The company had a trading volume of 7,032 shares, compared to its average volume of 13,926. The stock has a market cap of $25.62 million, a P/E ratio of -19.67 and a beta of 0.91. Communications Systems has a one year low of $2.80 and a one year high of $4.73.

Communications Systems (NASDAQ:JCS) last issued its quarterly earnings results on Thursday, August 2nd. The communications equipment provider reported ($0.29) earnings per share (EPS) for the quarter. The company had revenue of $15.04 million during the quarter. Communications Systems had a negative net margin of 15.04% and a negative return on equity of 21.77%. On average, equities research analysts predict that Communications Systems will post -0.79 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 14th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 5.42%. The ex-dividend date was Thursday, September 13th. Communications Systems’s payout ratio is presently -106.67%.

About Communications Systems

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 Suttle segment provides enclosure systems to support premise distribution of broadband and other connectivity networks; fiber optic management and connectivity solutions for access and premise networks; and modular connecting products for copper telecommunications networks, as well as DSL products that support broadband connectivity to copper networks under the Suttle brand name.

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