Vistance Networks (NASDAQ:VISN) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Vistance Networks (NASDAQ:VISN) from a strong sell rating to a hold rating in a report published on Tuesday morning,Zacks.com reports.

VISN has been the subject of several other research reports. Evercore assumed coverage on shares of Vistance Networks in a report on Thursday, February 26th. They set a “hold” rating and a $20.00 target price for the company. Wall Street Zen cut shares of Vistance Networks from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Weiss Ratings initiated coverage on shares of Vistance Networks in a report on Wednesday, January 14th. They set a “hold (c)” rating for the company. Finally, JPMorgan Chase & Co. cut their price target on shares of Vistance Networks from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, April 16th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.50.

Vistance Networks Price Performance

Shares of VISN opened at $10.47 on Tuesday. Vistance Networks has a 12 month low of $3.55 and a 12 month high of $20.55. The stock’s fifty day simple moving average is $17.97. The firm has a market capitalization of $2.36 billion, a PE ratio of 1.12, a price-to-earnings-growth ratio of 1.78 and a beta of 2.38.

Vistance Networks Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Monday, April 27th. Stockholders of record on Friday, April 17th were given a $10.00 dividend.

About Vistance Networks

CommScope Holding Company, Inc provides infrastructure solutions for communications and entertainment networks. It operates through four segments: Broadband Networks (Broadband), Outdoor Wireless Networks (OWN), Venue and Campus Networks (VCN), and Home Networks (Home). The Broadband segment provides converged cable access platforms, passive optical networking products, video systems, access technologies, fiber and coaxial cables, fiber and copper connectivity products, and hardened closures to the telco and cable provider broadband market.