Northland Securities Remains a Hold on Adtran Inc (ADTN)

In a report released today, Tim Savageaux from Northland Securities maintained a Hold rating on Adtran Inc (ADTN), with a price target of $10.00. The company’s shares closed last Monday at $8.88, close to its 52-week low of $8.09.

According to, Savageaux is a 3-star analyst with an average return of 2.2% and a 49.5% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as MACOM Technology Solutions Holdings Inc, DASAN Zhone Solutions Inc, and Applied Optoelectronics.

The word on The Street in general, suggests a Hold analyst consensus rating for Adtran Inc with a $10.50 average price target, representing a 21.7% upside. In a report released today, MKM Partners also downgraded the stock to Hold with a $11.00 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $18.40 and a one-year low of $8.09. Currently, Adtran Inc has an average volume of 324.6K.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

ADTRAN, Inc. engages in the provision of networking and communications equipment. It operates through the Network Solutions and Services and Support business segment. The Network Solutions segment includes hardware products and next-generation virtualized solutions used in service provider or business networks, as well as prior-generation products.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts