Zacks Investment Research downgraded Plantronics Inc (NYSE:PLT) to Hold in a report released today.
- Updated: October 5, 2016
Zacks Investment Research has downgraded Plantronics Inc (NYSE:PLT) to Hold in a report released on 10/05/2016.
Yesterday Plantronics Inc (NYSE:PLT) traded 1.93% higher at $52.29. The company’s 50-day moving average is $50.65 and its 200-day moving average is $45.10. The last closing price is up 16.82% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 22,087 shares of the stock traded hands, down from an average trading volume of 157,612
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Plantronics Inc has a 52 week low of $32.13 and a 52 week high of $55.09 with a P/E ratio of 26.11 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 4 brokers have issued a research note on the company. The average stock price target is $50.00 with 0 brokers rating the stock a strong buy, 4 brokers rating the stock a buy, 1 broker rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Plantronics Inc (NYSE:PLT)
Plantronics, Inc. (Plantronics) is engaged in the design, manufacture, and distribution of headsets for business and consumer applications, and other specialty products for the hearing impaired. The Company is a global designer, manufacturer and marketer of communications headsets, telephone headset systems, other communication endpoints and accessories for the business and consumer markets. The Company develops communication products for offices and contact centers, mobile devices, cordless phones, and computers and gaming consoles. Its product categories include Enterprise, which includes corded and cordless communication headsets, audio processors, and telephone systems, and Consumer, which includes Bluetooth and corded products for mobile device applications, personal computer (PC) and gaming headsets, and specialty products marketed for hearing impaired individuals. It offers its products under two brands: Plantronics and Clarity.
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