Discussion stirs around ADTRAN, Inc. (NASDAQ:ADTN) this week; here is what analysts are saying.

April 21, 2018 - By reb123z

ADTRAN, Inc. (NASDAQ:ADTN) LogoInvestors sentiment decreased to 1.1 in 2017 Q4. Its down 0.42, from 1.52 in 2017Q3. It turned negative, as 20 investors sold ADTRAN, Inc. shares while 50 reduced holdings. 25 funds opened positions while 52 raised stakes. 42.06 million shares or 1.76% less from 42.82 million shares in 2017Q3 were reported.
D E Shaw And Com owns 106,792 shares for 0% of their portfolio. Great West Life Assurance Can owns 62,241 shares. Mufg Americas Corporation has 1,780 shares for 0% of their portfolio. Parkside Bank And Tru has invested 0% in ADTRAN, Inc. (NASDAQ:ADTN). Canada Pension Plan Board holds 0.02% of its portfolio in ADTRAN, Inc. (NASDAQ:ADTN) for 557,200 shares. Victory Cap Mgmt reported 3.07 million shares or 0.12% of all its holdings. International Group Inc accumulated 38,577 shares. 230,940 are owned by Thrivent Fin For Lutherans. Cap Fund Sa stated it has 0% of its portfolio in ADTRAN, Inc. (NASDAQ:ADTN). Texas Permanent School Fund stated it has 0.01% of its portfolio in ADTRAN, Inc. (NASDAQ:ADTN). Quantbot L P owns 0.01% invested in ADTRAN, Inc. (NASDAQ:ADTN) for 5,900 shares. Prelude Mgmt Ltd Liability Com reported 5,719 shares or 0.01% of all its holdings. Moreover, Vident Invest Advisory Limited Liability has 0.02% invested in ADTRAN, Inc. (NASDAQ:ADTN). Moreover, Kbc Gru Nv has 0.01% invested in ADTRAN, Inc. (NASDAQ:ADTN). 1,910 are owned by Meeder Asset Management Incorporated.

ADTRAN, Inc. (NASDAQ:ADTN) Ratings Coverage

Among 7 analysts covering Adtran (NASDAQ:ADTN), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Adtran had 11 analyst reports since December 29, 2017 according to SRatingsIntel. The stock of ADTRAN, Inc. (NASDAQ:ADTN) earned “Hold” rating by Cowen & Co on Thursday, April 19. The firm has “Buy” rating given on Thursday, January 18 by Northland Capital. The firm has “Buy” rating given on Wednesday, April 18 by Needham. Argus Research downgraded the stock to “Hold” rating in Thursday, April 19 report. On Thursday, April 19 the stock rating was maintained by Jefferies with “Hold”. Jefferies maintained the stock with “Hold” rating in Wednesday, January 17 report. As per Tuesday, January 16, the company rating was upgraded by Goldman Sachs. The rating was maintained by Northland Capital on Wednesday, April 18 with “Buy”. The stock of ADTRAN, Inc. (NASDAQ:ADTN) earned “Hold” rating by Cowen & Co on Friday, December 29. The rating was maintained by Needham with “Buy” on Friday, January 12. Below is a list of ADTRAN, Inc. (NASDAQ:ADTN) latest ratings and price target changes.

19/04/2018 Broker: Cowen & Co Rating: Hold New Target: $15.0000 Maintain
19/04/2018 Broker: Jefferies Rating: Hold New Target: $16.0000 Maintain
18/04/2018 Broker: Needham Rating: Buy New Target: $18.0000 Maintain
18/04/2018 Broker: Northland Capital Rating: Buy New Target: $20.0000 Maintain
19/04/2018 Broker: Argus Research Old Rating: Buy New Rating: Hold Downgrade
18/01/2018 Broker: Northland Capital Rating: Buy New Target: $23.0 Maintain
17/01/2018 Broker: Jefferies Rating: Hold New Target: $17.25 Maintain
16/01/2018 Broker: Goldman Sachs Old Rating: Sell New Rating: Neutral Upgrade
12/01/2018 Broker: Needham Rating: Buy New Target: $22.0 Maintain
29/12/2017 Broker: Cowen & Co Rating: Hold New Target: $16.0 Maintain

The stock decreased 0.84% or $0.12 during the last trading session, reaching $14.7. About 686,502 shares traded or 17.63% up from the average. ADTRAN, Inc. (NASDAQ:ADTN) has declined 27.42% since April 21, 2017 and is downtrending. It has underperformed by 38.97% the S&P500.

ADTRAN, Inc. provides networking and communications equipment worldwide. The company has market cap of $704.19 million. The firm operates through two divisions, Network Solutions and Services & Support. It has a 30 P/E ratio. It offers access and aggregation solutions, including fiber to the premises and fiber to the node multi-service access nodes (MSAN); fiber aggregation and FTTN MSAN; fiber to the distribution point optical network units; optical line terminals; fiber access network elements; optical networking edge aggregation; and IP digital subscriber line access multiplexers.

ADTRAN, Inc. (NASDAQ:ADTN) Ratings Chart

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