Ability Inc. (ABIL) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Ability Inc. (NASDAQ:ABIL) from a sell rating to a hold rating in a report released on Tuesday.

According to Zacks, “Ability Inc. is a provider of tactical communications intelligence solutions for government agencies, military forces, law enforcement and homeland security agencies. The company offers interception, surveillance, decryption, cyber and geolocation solutions. Ability Inc. is based in Tel Aviv, Israel. “

Separately, FBR & Co reissued a buy rating and set a $12.00 price objective on shares of Ability in a report on Thursday, August 18th.

Shares of Ability (NASDAQ:ABIL) opened at 3.6599 on Tuesday. Ability has a 12 month low of $2.52 and a 12 month high of $11.54. The company’s 50-day moving average price is $3.91 and its 200-day moving average price is $4.41. The company’s market cap is $92.51 million.

Ability (NASDAQ:ABIL) last announced its quarterly earnings data on Monday, August 15th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.24. The business earned $1 million during the quarter, compared to analyst estimates of $21.20 million. Analysts anticipate that Ability will post $0.48 EPS for the current year.

About Ability

Ability Inc (Ability), formerly Cambridge Holdco Corp., provides tactical communications intelligence solutions used by government agencies, military forces, law enforcement and homeland security agencies across the world, with an installed base in over 50 countries. The Company offers a range of lawful interception, surveillance, decryption, cyber and geolocation solutions, with a focus on active and passive off-air interception and decryption of communications on global system for mobile communication (GSM), code division multiple access (CDMA), universal mobile telecommunications system (UMTS) and long-term evolution (LTE) cellular systems, as well as Iridium, Thuraya and other satellite networks.

5 Day Chart for NASDAQ:ABIL

Get a free copy of the Zacks research report on Ability (ABIL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Ability Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ability Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

© 2006-2016 Mideast Time.