Zacks Investment Research Downgrades Communications Systems (JCS) to Sell

Communications Systems (NASDAQ:JCS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

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. “

Communications Systems (JCS) opened at $3.46 on Wednesday. The firm has a market cap of $33.19, a price-to-earnings ratio of -2.58 and a beta of 0.99. Communications Systems has a 1-year low of $3.41 and a 1-year high of $5.19.

Several large investors have recently bought and sold shares of JCS. Gould Asset Management LLC CA acquired a new position in Communications Systems in the 3rd quarter worth $124,000. Macquarie Group Ltd. acquired a new position in Communications Systems in the 3rd quarter worth $119,000. Finally, Ameriprise Financial Inc. lifted its holdings in Communications Systems by 33.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 29,831 shares of the communications equipment provider’s stock worth $129,000 after buying an additional 7,514 shares in the last quarter. Institutional investors and hedge funds own 32.13% of the company’s stock.

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About Communications Systems

Communications Systems, Inc (CSI) operates directly and through its subsidiaries located in the United States, Costa Rica and the United Kingdom. The Company operates through three segments: Suttle, Transition Networks and JDL Technologies (JDL). The Company provides physical connectivity infrastructure products and services for global deployments of broadband networks.

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