Communications Systems, Inc. (JCS) Rating Lowered to Sell at Zacks Investment Research

Communications Systems, Inc. (NASDAQ:JCS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

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. “

JCS has been the subject of a number of other research reports. ValuEngine upgraded Communications Systems from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 6th. Northland Securities set a $6.00 price objective on Communications Systems and gave the stock a “buy” rating in a report on Wednesday.

Communications Systems (NASDAQ JCS) opened at 3.61 on Friday. Communications Systems has a one year low of $3.41 and a one year high of $5.74. The company’s 50-day moving average is $4.09 and its 200-day moving average is $4.40. The firm’s market cap is $32.33 million.

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Institutional investors have recently bought and sold shares of the company. Gamco Investors INC. ET AL increased its position in Communications Systems by 5.2% in the first quarter. Gamco Investors INC. ET AL now owns 754,049 shares of the communications equipment provider’s stock worth $3,318,000 after buying an additional 37,400 shares during the period. Renaissance Technologies LLC increased its position in Communications Systems by 4.3% in the first quarter. Renaissance Technologies LLC now owns 353,000 shares of the communications equipment provider’s stock worth $1,553,000 after buying an additional 14,600 shares during the period. Ameriprise Financial Inc. increased its position in Communications Systems by 33.7% in the second quarter. Ameriprise Financial Inc. now owns 29,831 shares of the communications equipment provider’s stock worth $129,000 after buying an additional 7,514 shares during the period. Goldman Sachs Group Inc. increased its position in Communications Systems by 22.1% in the first quarter. Goldman Sachs Group Inc. now owns 27,648 shares of the communications equipment provider’s stock worth $122,000 after buying an additional 5,012 shares during the period. Finally, Gabelli Funds LLC increased its position in Communications Systems by 1.3% in the first quarter. Gabelli Funds LLC now owns 396,000 shares of the communications equipment provider’s stock worth $1,742,000 after buying an additional 5,000 shares during the period. Institutional investors and hedge funds own 31.10% of the company’s stock.

About Communications Systems

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.