Zacks: DASAN Zhone Solutions Inc (DZSI) Receives Average Rating of “Strong Buy” from Analysts

Shares of DASAN Zhone Solutions Inc (NASDAQ:DZSI) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy recommendation.

Brokers have set a twelve-month consensus target price of $20.00 for the company and are predicting that the company will post ($0.16) EPS for the current quarter, according to Zacks. Zacks has also assigned DASAN Zhone Solutions an industry rank of 223 out of 255 based on the ratings given to related companies.

A number of research firms recently issued reports on DZSI. ValuEngine upgraded DASAN Zhone Solutions from a “hold” rating to a “buy” rating in a research report on Wednesday, March 20th. Northland Securities restated a “buy” rating and set a $20.00 price objective on shares of DASAN Zhone Solutions in a research report on Friday, March 1st.

A number of large investors have recently added to or reduced their stakes in DZSI. Financial Enhancement Group LLC acquired a new position in DASAN Zhone Solutions during the 3rd quarter worth $42,000. O Shaughnessy Asset Management LLC bought a new stake in shares of DASAN Zhone Solutions in the 4th quarter worth $85,000. JPMorgan Chase & Co. raised its stake in shares of DASAN Zhone Solutions by 369.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,269 shares of the communications equipment provider’s stock worth $103,000 after buying an additional 5,721 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of DASAN Zhone Solutions by 20.7% in the 4th quarter. Raymond James Trust N.A. now owns 20,005 shares of the communications equipment provider’s stock worth $278,000 after buying an additional 3,425 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of DASAN Zhone Solutions by 80.7% in the 2nd quarter. Northern Trust Corp now owns 21,090 shares of the communications equipment provider’s stock worth $205,000 after buying an additional 9,421 shares in the last quarter. Institutional investors and hedge funds own 16.23% of the company’s stock.

NASDAQ:DZSI traded down $0.07 during midday trading on Wednesday, reaching $10.44. 5,186 shares of the company traded hands, compared to its average volume of 20,021. DASAN Zhone Solutions has a twelve month low of $9.10 and a twelve month high of $15.59. The firm has a market capitalization of $170.52 million, a P/E ratio of 52.20 and a beta of 0.65. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.44.

About DASAN Zhone Solutions

DASAN Zhone Solutions, Inc provides network access solutions and communications platforms for service provider and enterprise networks worldwide. It offers broadband access products, including customer premise equipment, such as digital subscriber line (DSL) modems; Ethernet access demarcation devices; and gigabit passive optical network (GPON) and 10G point-to-point active Ethernet optical network terminals.

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