Communications Systems Inc. (NASDAQ:JCS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday. The brokerage presently has a $4.00 price target on the stock. Zacks Investment Research’s price target would suggest a potential upside of 0.50% from the stock’s previous close.

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 (NASDAQ:JCS) opened at 3.98 on Wednesday. Communications Systems has a 52-week low of $3.41 and a 52-week high of $8.59. The company has a market cap of $35.27 billion, a price-to-earnings ratio of 14.74 and a beta of 1.16. The company’s 50-day moving average is $4.50 and its 200 day moving average is $6.07.

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake in shares of Communications Systems by 0.3% in the second quarter. Bank of New York Mellon Corp now owns 14,337 shares of the company’s stock worth $100,000 after buying an additional 38 shares during the period. Teton Advisors Inc. boosted its stake in shares of Communications Systems by 24.0% in the second quarter. Teton Advisors Inc. now owns 378,590 shares of the company’s stock worth $2,639,000 after buying an additional 73,200 shares during the period. Gamco Investors INC. ET AL boosted its stake in shares of Communications Systems by 30.6% in the second quarter. Gamco Investors INC. ET AL now owns 587,958 shares of the company’s stock worth $4,098,000 after buying an additional 137,883 shares during the period. Finally, Gabelli Funds LLC boosted its stake in shares of Communications Systems by 63.3% in the second quarter. Gabelli Funds LLC now owns 392,000 shares of the company’s stock worth $2,732,000 after buying an additional 152,000 shares during the period. Hedge funds and other institutional investors own 38.26% of the company’s stock.

Communications Systems Company Profile

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.

5 Day Chart for NASDAQ:JCS

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