A number of other research firms also recently weighed in on AVYA. JPMorgan Chase & Co. downgraded shares of Avaya from a neutral rating to an underweight rating and dropped their price target for the company from $16.00 to $7.00 in a research report on Wednesday. Craig Hallum dropped their price objective on Avaya from $30.00 to $13.00 in a research note on Wednesday. Zacks Investment Research raised Avaya from a hold rating to a buy rating and set a $13.00 price objective for the company in a research note on Wednesday, April 20th. TheStreet lowered Avaya from a c rating to a d+ rating in a report on Wednesday, February 9th. Finally, BWS Financial lowered Avaya from a buy rating to a sell rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $19.11.
Shares of AVYA opened at $5.81 on Friday. The business’s fifty day moving average price is $11.64 and its two-hundred day moving average price is $16.07. The company has a debt-to-equity ratio of 7.42, a quick ratio of 1.40 and a current ratio of 1.45. The firm has a market capitalization of $493.44 million, a price-to-earnings ratio of -18.16 and a beta of 1.60. Avaya has a 52 week low of $5.54 and a 52 week high of $29.55.
A number of hedge funds have recently modified their holdings of AVYA. Wolverine Asset Management LLC purchased a new position in shares of Avaya during the fourth quarter valued at about $58,000. Okabena Investment Services Inc. bought a new stake in Avaya in the fourth quarter worth about $83,000. Financial Management Professionals Inc. lifted its stake in Avaya by 127.0% in the fourth quarter. Financial Management Professionals Inc. now owns 5,489 shares of the company’s stock worth $109,000 after purchasing an additional 3,071 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Avaya by 1,801.4% in the first quarter. PNC Financial Services Group Inc. now owns 9,507 shares of the company’s stock worth $121,000 after purchasing an additional 9,007 shares during the last quarter. Finally, National Bank of Canada FI bought a new stake in shares of Avaya during the fourth quarter valued at approximately $123,000.
About Avaya (Get Rating)
Avaya Holdings Corp., through its subsidiaries, provides digital communications products, solutions, and services for businesses worldwide. The company operates in two segments, Products & Solutions and Services. The Products & Solutions segment offers unified communications and collaboration (UCC), and contact center (CC) platforms, applications, and devices.
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