Alaska Communications Systems Group (NASDAQ:ALSK) was downgraded by investment analysts at TheStreet from a “c-” rating to a “d” rating in a research note issued on Wednesday.

Separately, Dawson James assumed coverage on Alaska Communications Systems Group in a research report on Monday, October 29th. They set a “buy” rating on the stock.

NASDAQ ALSK opened at $1.50 on Wednesday. The stock has a market cap of $79.78 million, a price-to-earnings ratio of -16.67 and a beta of 0.34. Alaska Communications Systems Group has a fifty-two week low of $1.37 and a fifty-two week high of $2.91. The company has a quick ratio of 1.10, a current ratio of 1.24 and a debt-to-equity ratio of 0.98.

Alaska Communications Systems Group (NASDAQ:ALSK) last released its quarterly earnings data on Monday, November 5th. The utilities provider reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.02. The business had revenue of $58.23 million during the quarter, compared to analyst estimates of $53.63 million. Alaska Communications Systems Group had a return on equity of 2.72% and a net margin of 1.93%. Analysts forecast that Alaska Communications Systems Group will post 0.15 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Renaissance Technologies LLC grew its position in shares of Alaska Communications Systems Group by 1.8% during the 3rd quarter. Renaissance Technologies LLC now owns 2,144,338 shares of the utilities provider’s stock valued at $3,517,000 after acquiring an additional 36,928 shares during the period. Gilder Gagnon Howe & Co. LLC grew its position in shares of Alaska Communications Systems Group by 2.3% during the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,431,163 shares of the utilities provider’s stock valued at $3,987,000 after acquiring an additional 55,195 shares during the period. North Star Investment Management Corp. grew its position in shares of Alaska Communications Systems Group by 9.1% during the 3rd quarter. North Star Investment Management Corp. now owns 1,193,440 shares of the utilities provider’s stock valued at $1,957,000 after acquiring an additional 99,700 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Alaska Communications Systems Group by 14.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,596,895 shares of the utilities provider’s stock valued at $2,874,000 after acquiring an additional 205,018 shares during the period. Hedge funds and other institutional investors own 42.43% of the company’s stock.

Alaska Communications Systems Group Company Profile

Alaska Communications Systems Group, Inc, through its subsidiaries, provides broadband telecommunication and managed information technology services to business, wholesale, and consumer customers in the state of Alaska. Its services include voice and broadband services; and managed IT services comprising remote network monitoring and support service, managed IT security and IT professional services, and long distance services primarily over its own terrestrial network to business and wholesale customers.

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