Zacks: Bandwidth Inc (BAND) Receives Consensus Rating of “Strong Buy” from Analysts
Bandwidth Inc (NASDAQ:BAND) has been given an average broker rating score of 1.20 (Strong Buy) from the five analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a buy rating and four have issued a strong buy rating on the company.
Brokerages have set a 12 month consensus price target of $29.80 for the company, according to Zacks. Zacks has also given Bandwidth an industry rank of 115 out of 265 based on the ratings given to its competitors.
A number of equities analysts have commented on the stock. Morgan Stanley set a $28.00 price objective on shares of Bandwidth and gave the stock a “buy” rating in a research report on Saturday, December 16th. KeyCorp reaffirmed a “buy” rating and set a $29.00 price objective on shares of Bandwidth in a research report on Thursday, December 14th. Canaccord Genuity assumed coverage on shares of Bandwidth in a research report on Tuesday, December 5th. They set a “buy” rating and a $28.00 price objective for the company. JMP Securities assumed coverage on shares of Bandwidth in a research report on Tuesday, December 5th. They set an “outperform” rating and a $36.00 price objective for the company. Finally, Robert W. Baird assumed coverage on shares of Bandwidth in a research report on Tuesday, December 5th. They set an “outperform” rating and a $28.00 price objective for the company.
Bandwidth (NASDAQ BAND) opened at $22.97 on Thursday. The company has a debt-to-equity ratio of -2.45, a current ratio of 1.17 and a quick ratio of 1.17. Bandwidth has a 52-week low of $18.05 and a 52-week high of $24.99.
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Bandwidth Inc, formerly Bandwidth.com, Inc, is a cloud-based communications platform-as-a-service provider (CPaaS) that enables enterprises to create, scale and operate voice or text communications services across any mobile application or connected device or enterprises. The Company has two operating and reportable segments, CPaaS and Other.
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