One investment analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus target price of $2.90 for the company, according to Zacks.
Alaska Communications Systems Group, Inc. had its "outperform" rating reiterated by analysts at Northland Securities.
Alaska Communications Systems Group (NASDAQ:ALSK) opened at 1.83 on Monday. Due to strong positive momentum, the stock ended at $1.81, which is also near the day's high of $1.83. Alaska Communications Systems Group has a one year low of $1.49 and a one year high of $1.97. The stock has a market capitalization of $93.99 million, a price-to-earnings ratio of 166.36 and a beta of 0.45. Alaska Communications Systems Group had a return on equity of 0.71% and a net margin of 0.49%. Analysts estimated a revenue of $57.000M. During the same period a year ago, the company earned $0.01 earnings per share. The company's revenue for the quarter was up 2.0% compared to the same quarter previous year.
"Alaska Communications Systems Group Inc (ALSK) Issues Earnings Results" was originally posted by Chaffey Breeze and is owned by of Chaffey Breeze.
A number of institutional investors have recently made changes to their positions in ALSK. Kornitzer Capital Management Inc. Finally, Spark Investment Management LLC increased its position in Alaska Communications Systems Group by 132.5% in the third quarter. Franklin Resources Inc. now owns 1,215,600 shares of the company's stock worth $1,994,000 after buying an additional 65,600 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in Alaska Communications Systems Group during the fourth quarter valued at approximately $368,000.
Alaska Communications Systems Group, Inc.is a fiber broadband and managed information technology (IT) services provider. Ancora Advisors LLC now owns 482,931 shares of the company's stock worth $792,000 after buying an additional 37,000 shares during the last quarter. Franklin Resources Inc. increased its position in Alaska Communications Systems Group by 5.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,745,160 shares of the company's stock valued at $2,862,000 after buying an additional 205,720 shares in the last quarter. Its business customers include small and medium businesses larger enterprises and government customers which include municipal local state and federal government entities school districts libraries and rural healthcare hospitals. The Company provides services such as voice and broadband and IT managed services. The company operates an advanced statewide data network with the latest technology and the most diverse undersea fiber optic system connecting Alaska to the contiguous US.