Multiband Corporatio (NASDAQ:MBND) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday, StockRatingsNetwork.com reports. They currently have a $3.40 target price on the stock. Zacks‘ price target would suggest a potential upside of 6.58% from the stock’s previous close.
Shares of Multiband Corporatio (NASDAQ:MBND) remained flat at $3.19 during during mid-day trading trading on Monday. Multiband Corporatio has a 52 week low of $1.37 and a 52 week high of $3.28. The stock’s 50-day moving average is currently $3.17. The company has a market cap of $69.6 million and a P/E ratio of 23.28.
Multiband Corporatio (NASDAQ:MBND) last released its earnings data on Wednesday, May 15th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.01. The company had revenue of $73.10 million for the quarter, compared to the consensus estimate of $73.53 million. Analysts expect that Multiband Corporatio will post $0.15 EPS for the current fiscal year.
MBND has been the subject of a number of other recent research reports. Analysts at Craig Hallum downgraded shares of Multiband Corporatio from a “buy” rating to a “hold” rating in a research note to investors on Monday, July 8th. Separately, analysts at Northland Securities downgraded shares of Multiband Corporatio from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, May 23rd. They now have a $3.25 price target on the stock, down previously from $3.50. Finally, analysts at Northland Capital Partners downgraded shares of Multiband Corporatio from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, May 23rd. They now have a $3.25 price target on the stock, down previously from $3.50.
Five research analysts have rated the stock with a hold rating, Multiband Corporatio currently has an average rating of “Hold” and an average target price of $2.63.
Multiband Corporation provides voice, data and video services to multi-dwelling unit and single family home customers.
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This article (Multiband Corporatio Lowered to “Neutral” at Zacks (MBND)) was originally developed by and is property of American Banking News.
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