A number of other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. started coverage on shares of Anterix in a report on Monday, February 3rd. They issued a “neutral” rating and a $58.00 price objective for the company. Zacks Investment Research lowered shares of Anterix from a “buy” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Morgan Stanley started coverage on shares of Anterix in a report on Monday, November 11th. They issued an “equal weight” rating and a $50.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Anterix has an average rating of “Hold” and an average target price of $59.83.
Shares of ATEX opened at $47.33 on Friday. The firm has a market cap of $702.78 million and a price-to-earnings ratio of -20.49. The company has a debt-to-equity ratio of 0.03, a quick ratio of 18.54 and a current ratio of 18.54. Anterix has a fifty-two week low of $33.14 and a fifty-two week high of $51.33. The firm has a 50 day moving average price of $46.38 and a 200-day moving average price of $42.13.
Institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Anterix during the 3rd quarter valued at $26,000. Cutler Group LP bought a new stake in Anterix during the 4th quarter valued at $30,000. Great West Life Assurance Co. Can bought a new stake in Anterix during the 4th quarter valued at $36,000. Tower Research Capital LLC TRC bought a new stake in Anterix during the 3rd quarter valued at $70,000. Finally, Bank of Montreal Can raised its holdings in Anterix by 30.1% during the 4th quarter. Bank of Montreal Can now owns 1,881 shares of the company’s stock valued at $81,000 after buying an additional 435 shares during the last quarter. Hedge funds and other institutional investors own 12.35% of the company’s stock.
Anterix Company Profile
Anterix Inc operates as a wireless communications company. The company focuses on enabling private broadband connectivity for critical infrastructure and enterprise businesses. It holds licensed spectrum in the 900 MHz band with nationwide coverage throughout the United States, Hawaii, Alaska, and Puerto Rico.
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