Alaska Communications Systems Group (ALSK) Earns Buy Rating from Analysts at Dawson James

Dawson James assumed coverage on shares of Alaska Communications Systems Group (NASDAQ:ALSK) in a research report released on Monday, The Fly reports. The brokerage issued a buy rating on the utilities provider’s stock. Dawson James also issued estimates for Alaska Communications Systems Group’s Q3 2018 earnings at $0.01 EPS, Q4 2018 earnings at $0.02 EPS, FY2018 earnings at $0.08 EPS, Q1 2019 earnings at $0.00 EPS, Q2 2019 earnings at $0.01 EPS, Q3 2019 earnings at $0.01 EPS, Q4 2019 earnings at $0.01 EPS, FY2019 earnings at $0.03 EPS, Q1 2020 earnings at $0.00 EPS, Q2 2020 earnings at $0.01 EPS, Q3 2020 earnings at $0.00 EPS and FY2020 earnings at $0.03 EPS.

Separately, TheStreet raised Alaska Communications Systems Group from a d+ rating to a c- rating in a research note on Friday, August 24th.

NASDAQ:ALSK opened at $1.46 on Monday. The firm has a market cap of $75.52 million, a P/E ratio of 28.00 and a beta of 0.16. Alaska Communications Systems Group has a 52-week low of $1.37 and a 52-week high of $2.91. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.36 and a quick ratio of 1.22.

Alaska Communications Systems Group (NASDAQ:ALSK) last posted its quarterly earnings data on Monday, August 6th. The utilities provider reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. The company had revenue of $59.58 million during the quarter. Alaska Communications Systems Group had a return on equity of 1.83% and a net margin of 1.28%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALSK. Dimensional Fund Advisors LP lifted its stake in shares of Alaska Communications Systems Group by 14.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,596,895 shares of the utilities provider’s stock valued at $2,874,000 after acquiring an additional 205,018 shares during the last quarter. North Star Investment Management Corp. lifted its stake in shares of Alaska Communications Systems Group by 10.5% in the 2nd quarter. North Star Investment Management Corp. now owns 1,093,740 shares of the utilities provider’s stock valued at $1,936,000 after acquiring an additional 104,300 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC lifted its stake in shares of Alaska Communications Systems Group by 2.3% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,431,163 shares of the utilities provider’s stock valued at $3,987,000 after acquiring an additional 55,195 shares during the last quarter. 43.44% of the stock is owned by institutional investors.

About Alaska Communications Systems Group

Alaska Communications Systems Group, Inc, through its subsidiaries, provides broadband telecommunication and managed information technology services to business, wholesale, and consumer customers in the state of Alaska. Its services include voice and broadband services; and managed IT services comprising remote network monitoring and support service, managed IT security and IT professional services, and long distance services primarily over its own terrestrial network to business and wholesale customers.

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