StockNews.com assumed coverage on shares of AudioCodes (NASDAQ:AUDC – Get Rating) in a research note released on Thursday. The firm issued a buy rating on the communications equipment provider’s stock.
A number of other equities analysts have also recently weighed in on AUDC. Bank of America cut shares of AudioCodes from a neutral rating to an underperform rating and decreased their price objective for the company from $22.00 to $9.50 in a research report on Wednesday, April 12th. Barclays decreased their price objective on shares of AudioCodes from $17.00 to $9.00 in a research report on Wednesday, May 10th. Jefferies Financial Group decreased their price objective on shares of AudioCodes from $18.00 to $10.00 in a research report on Tuesday, May 9th. Finally, Needham & Company LLC restated a buy rating and issued a $23.00 target price on shares of AudioCodes in a research note on Tuesday, April 11th. Two investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $12.88.
AudioCodes Trading Up 1.6 %
Shares of AudioCodes stock opened at $8.74 on Thursday. The company has a fifty day moving average price of $11.72 and a 200 day moving average price of $15.95. AudioCodes has a twelve month low of $8.05 and a twelve month high of $24.58. The stock has a market cap of $276.97 million, a price-to-earnings ratio of 14.57 and a beta of 0.58.
Institutional Investors Weigh In On AudioCodes
AudioCodes Company Profile
AudioCodes Ltd. engages in the provision of communications software, products and productivity solutions for the digital workplace. The firm is involved in the development, manufacture, and market of products for transferring voice and data over the internet. Its products include products for Microsoft 365, session border controllers, multi-service business routers, meeting rooms, internet protocol phones, digital and analog media gateways, management products and solutions, and voice applications.
- Get a free copy of the StockNews.com research report on AudioCodes (AUDC)
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