magicJack VocalTec Ltd. (NASDAQ:CALL) has been assigned a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.

Zacks has also assigned magicJack VocalTec an industry rank of 69 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded magicJack VocalTec from a “sell” rating to a “hold” rating in a report on Tuesday, October 11th.

Hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System increased its stake in shares of magicJack VocalTec by 8.8% in the second quarter. California Public Employees Retirement System now owns 157,100 shares of the company’s stock valued at $988,000 after buying an additional 12,700 shares in the last quarter. GSA Capital Partners LLP increased its stake in shares of magicJack VocalTec by 14.4% in the second quarter. GSA Capital Partners LLP now owns 105,530 shares of the company’s stock valued at $664,000 after buying an additional 13,300 shares in the last quarter. LSV Asset Management increased its stake in shares of magicJack VocalTec by 0.4% in the second quarter. LSV Asset Management now owns 560,300 shares of the company’s stock valued at $3,524,000 after buying an additional 2,400 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of magicJack VocalTec by 40.0% in the second quarter. Ameriprise Financial Inc. now owns 472,010 shares of the company’s stock valued at $2,968,000 after buying an additional 134,932 shares in the last quarter. Finally, Acrospire Investment Management LLC increased its stake in shares of magicJack VocalTec by 113.1% in the second quarter. Acrospire Investment Management LLC now owns 25,083 shares of the company’s stock valued at $158,000 after buying an additional 13,313 shares in the last quarter. Institutional investors own 52.20% of the company’s stock.

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magicJack VocalTec (NASDAQ:CALL) traded up 3.261% during mid-day trading on Tuesday, hitting $7.125. The stock had a trading volume of 13,885 shares. The company has a 50-day moving average of $6.32 and a 200-day moving average of $6.18. The firm has a market cap of $113.26 million, a PE ratio of 12.633 and a beta of 1.57. magicJack VocalTec has a 12-month low of $5.27 and a 12-month high of $10.68.

magicJack VocalTec (NASDAQ:CALL) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.15. magicJack VocalTec had a return on equity of 30.32% and a net margin of 9.05%. The firm earned $24.57 million during the quarter, compared to the consensus estimate of $26.10 million. During the same period in the prior year, the firm earned $0.37 EPS. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. Analysts expect that magicJack VocalTec will post $0.64 earnings per share for the current year.

About magicJack VocalTec

magicJack VocalTec Ltd. and its subsidiaries is a cloud communications company. The Company provides magicJack devices and other magicJack products and services. The Company also provides additional products and services, which include voice applications on smart phones, as well as the magicJack PLUS, magicJack GO and magicJack EXPRESS, which are updated versions of the magicJack device that have their own central processing unit (CPU) and can connect a regular phone directly to the users broadband modem/router and function as a standalone phone without using a computer.

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