ValuEngine upgraded shares of ARRIS International (NASDAQ:ARRS) from a hold rating to a buy rating in a report released on Friday.

Several other brokerages have also issued reports on ARRS. BidaskClub lowered ARRIS International from a hold rating to a sell rating in a research note on Wednesday, August 23rd. Northland Securities set a $25.00 price target on ARRIS International and gave the company a hold rating in a research note on Monday, October 16th. Jefferies Group set a $38.00 price target on ARRIS International and gave the company a buy rating in a research note on Wednesday, October 4th. TheStreet upgraded ARRIS International from a c+ rating to a b rating in a research note on Monday, October 9th. Finally, Zacks Investment Research upgraded ARRIS International from a hold rating to a buy rating and set a $32.00 price target on the stock in a research note on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of Buy and an average price target of $33.38.

ARRIS International (NASDAQ ARRS) traded down $0.29 during midday trading on Friday, hitting $29.68. The company had a trading volume of 1,340,000 shares, compared to its average volume of 981,316. ARRIS International has a fifty-two week low of $24.75 and a fifty-two week high of $31.52. The company has a quick ratio of 1.43, a current ratio of 1.83 and a debt-to-equity ratio of 0.65. The firm has a market cap of $5,550.00, a PE ratio of 12.86, a PEG ratio of 1.30 and a beta of 1.38.

ARRIS International (NASDAQ:ARRS) last issued its quarterly earnings results on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.18. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The firm had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the previous year, the company posted $0.77 earnings per share. The company’s quarterly revenue was down .2% compared to the same quarter last year. sell-side analysts predict that ARRIS International will post 2.31 earnings per share for the current fiscal year.

In other news, SVP Patrick W. Macken sold 1,250 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $29.26, for a total value of $36,575.00. Following the sale, the senior vice president now directly owns 4,556 shares in the company, valued at approximately $133,308.56. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Capstone Asset Management Co. grew its stake in shares of ARRIS International by 0.3% in the 2nd quarter. Capstone Asset Management Co. now owns 15,751 shares of the communications equipment provider’s stock valued at $441,000 after purchasing an additional 40 shares during the period. NGAM Advisors L.P. grew its stake in shares of ARRIS International by 4.6% in the 2nd quarter. NGAM Advisors L.P. now owns 11,170 shares of the communications equipment provider’s stock valued at $313,000 after purchasing an additional 489 shares during the period. Fernwood Investment Management LLC grew its stake in shares of ARRIS International by 16.9% in the 2nd quarter. Fernwood Investment Management LLC now owns 13,800 shares of the communications equipment provider’s stock valued at $387,000 after purchasing an additional 2,000 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of ARRIS International by 2.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 121,007 shares of the communications equipment provider’s stock valued at $3,391,000 after purchasing an additional 3,289 shares during the period. Finally, Amalgamated Bank grew its stake in shares of ARRIS International by 18.3% in the 2nd quarter. Amalgamated Bank now owns 35,507 shares of the communications equipment provider’s stock valued at $995,000 after purchasing an additional 5,488 shares during the period. Institutional investors own 86.63% of the company’s stock.

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About ARRIS International

ARRIS International plc is a media entertainment and data communications solutions provider. The Company operates in two segments: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The Company enables service providers, including cable, telephone, and digital broadcast satellite operators, and media programmers to deliver media, voice and Internet Protocol (IP) data services to their subscribers.

Analyst Recommendations for ARRIS International (NASDAQ:ARRS)

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