ARRIS International (NASDAQ:ARRS) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other equities analysts have also issued reports on the company. Zacks Investment Research lowered ARRIS International from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Loop Capital assumed coverage on ARRIS International in a research report on Monday, January 29th. They issued a “buy” rating and a $35.00 target price on the stock. TheStreet lowered ARRIS International from a “b” rating to a “c+” rating in a research report on Friday, January 12th. BidaskClub lowered ARRIS International from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 13th. Finally, Morgan Stanley lowered ARRIS International from an “overweight” rating to an “equal weight” rating and set a $31.00 target price on the stock. in a research report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $33.20.

ARRIS International (NASDAQ:ARRS) opened at $25.47 on Friday. ARRIS International has a 52-week low of $24.75 and a 52-week high of $30.79. The stock has a market capitalization of $4,763.42, a P/E ratio of 29.28, a price-to-earnings-growth ratio of 0.97 and a beta of 1.28. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.83 and a quick ratio of 1.43.

ARRIS International (NASDAQ:ARRS) last announced its earnings results on Wednesday, November 1st. The communications equipment provider reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.18. ARRIS International had a return on equity of 14.02% and a net margin of 2.51%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same period in the prior year, the company posted $0.77 EPS. ARRIS International’s quarterly revenue was down .2% on a year-over-year basis. equities research analysts anticipate that ARRIS International will post 2.32 earnings per share for the current year.

In other news, SVP Philip Charles Baldock sold 4,930 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $26.11, for a total value of $128,722.30. Following the completion of the sale, the senior vice president now directly owns 13,529 shares in the company, valued at approximately $353,242.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lawrence Robinson sold 4,167 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $30.00, for a total value of $125,010.00. Following the completion of the sale, the insider now owns 71,721 shares of the company’s stock, valued at $2,151,630. The disclosure for this sale can be found here. Insiders sold a total of 10,347 shares of company stock valued at $290,307 over the last quarter. Company insiders own 0.90% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of ARRS. UBS Asset Management Americas Inc. increased its holdings in shares of ARRIS International by 23.0% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 140,895 shares of the communications equipment provider’s stock valued at $3,948,000 after acquiring an additional 26,359 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of ARRIS International by 20.3% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 132,490 shares of the communications equipment provider’s stock valued at $3,712,000 after acquiring an additional 22,352 shares during the last quarter. Balyasny Asset Management LLC increased its holdings in shares of ARRIS International by 376.9% in the 2nd quarter. Balyasny Asset Management LLC now owns 38,635 shares of the communications equipment provider’s stock valued at $1,083,000 after acquiring an additional 30,534 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of ARRIS International by 2.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 121,007 shares of the communications equipment provider’s stock valued at $3,391,000 after acquiring an additional 3,289 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of ARRIS International by 38.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 30,371 shares of the communications equipment provider’s stock valued at $865,000 after acquiring an additional 8,496 shares during the last quarter. Institutional investors and hedge funds own 87.16% of the company’s stock.

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ARRIS International Company Profile

ARRIS International plc is a media entertainment and data communications solutions provider. The Company operates in two segments: Customer Premises Equipment (CPE), and Network & Cloud (N&C). The Company enables service providers, including cable, telephone, and digital broadcast satellite operators, and media programmers to deliver media, voice and Internet Protocol (IP) data services to their subscribers.

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Analyst Recommendations for ARRIS International (NASDAQ:ARRS)

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