ARRIS International (NASDAQ:ARRS) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Other research analysts have also issued reports about the company. TheStreet raised ARRIS International from a “c” rating to a “b-” rating in a research report on Friday, September 21st. Northland Securities reissued a “hold” rating and issued a $23.00 price target on shares of ARRIS International in a research report on Thursday, August 2nd. Needham & Company LLC lowered ARRIS International from a “buy” rating to a “hold” rating in a research report on Thursday. Loop Capital lowered ARRIS International from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, ValuEngine raised ARRIS International from a “sell” rating to a “hold” rating in a research report on Wednesday. Eleven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $30.21.

Shares of ARRS stock opened at $30.72 on Thursday. ARRIS International has a twelve month low of $21.55 and a twelve month high of $30.90. The firm has a market capitalization of $5.01 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.65 and a beta of 1.16. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.59 and a quick ratio of 1.16.

ARRIS International (NASDAQ:ARRS) last released its quarterly earnings results on Thursday, November 8th. The communications equipment provider reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. The firm had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.71 billion. ARRIS International had a return on equity of 16.82% and a net margin of 1.83%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. As a group, equities analysts forecast that ARRIS International will post 2.59 EPS for the current year.

In other ARRIS International news, CEO Bruce William Mcclelland bought 1,500 shares of ARRIS International stock in a transaction that occurred on Monday, August 13th. The shares were bought at an average cost of $24.08 per share, with a total value of $36,120.00. Following the transaction, the chief executive officer now directly owns 242,256 shares of the company’s stock, valued at approximately $5,833,524.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.90% of the company’s stock.

A number of large investors have recently made changes to their positions in ARRS. LPL Financial LLC increased its position in ARRIS International by 21.2% during the 1st quarter. LPL Financial LLC now owns 40,299 shares of the communications equipment provider’s stock valued at $1,071,000 after buying an additional 7,046 shares in the last quarter. Principal Financial Group Inc. increased its position in ARRIS International by 1.2% during the 1st quarter. Principal Financial Group Inc. now owns 759,298 shares of the communications equipment provider’s stock valued at $20,175,000 after buying an additional 8,672 shares in the last quarter. Allianz Asset Management GmbH increased its position in ARRIS International by 39.0% during the 1st quarter. Allianz Asset Management GmbH now owns 23,960 shares of the communications equipment provider’s stock valued at $637,000 after buying an additional 6,724 shares in the last quarter. James Investment Research Inc. acquired a new position in ARRIS International during the 2nd quarter valued at about $2,019,000. Finally, Hartford Investment Management Co. acquired a new position in ARRIS International during the 2nd quarter valued at about $305,000. 87.56% of the stock is currently owned by institutional investors.

About ARRIS International

ARRIS International plc, together with its subsidiaries, provides entertainment, communications, and networking technology and solutions worldwide. It operates through three segments: Customer Premises Equipment, Network & Cloud, and Enterprise Networks. The Customer Premises Equipment segment offers digital subscriber lines and cable modems, broadband gateways, set-top boxes, and video gateways.

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Analyst Recommendations for ARRIS International (NASDAQ:ARRS)

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