magicJack VocalTec Ltd. (CALL) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of magicJack VocalTec Ltd. (NASDAQ:CALL) from a sell rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “magicJack VocalTec Limited, formerly known as VocalTec Communications Limited provides software-driven solutions for the deployment of next-generation, IP (Internet protocol)-based international and long-distance telephony networks and related enhanced services. The Company provides routing and business powering enhanced services. Its services include International and Long-Distance Calling, Voice VPN (virtual private network), Calling Card, Exchange Carriers and Voice-enhanced e-commerce. magicJack VocalTec Limited is based in Netanya, Israel. “

Shares of magicJack VocalTec (NASDAQ:CALL) opened at 6.18 on Tuesday. The company has a market capitalization of $97.98 million, a PE ratio of 11.34 and a beta of 1.45. magicJack VocalTec has a 12 month low of $5.27 and a 12 month high of $12.50. The firm’s 50-day moving average is $6.21 and its 200 day moving average is $6.13.

magicJack VocalTec (NASDAQ:CALL) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.06. The firm earned $25.30 million during the quarter, compared to the consensus estimate of $26.60 million. magicJack VocalTec had a net margin of 8.89% and a return on equity of 33.80%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter last year, the firm earned $0.38 earnings per share. Equities research analysts predict that magicJack VocalTec will post $0.64 EPS for the current year.

Several institutional investors have recently added to or reduced their stakes in CALL. LSV Asset Management increased its position in magicJack VocalTec by 0.4% in the second quarter. LSV Asset Management now owns 560,300 shares of the company’s stock valued at $3,524,000 after buying an additional 2,400 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of magicJack VocalTec by 40.0% in the second quarter. Ameriprise Financial Inc. now owns 472,010 shares of the company’s stock worth $2,968,000 after buying an additional 134,932 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of magicJack VocalTec by 16.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 445,630 shares of the company’s stock worth $2,803,000 after buying an additional 62,390 shares in the last quarter. AJO LP increased its position in shares of magicJack VocalTec by 36.6% in the second quarter. AJO LP now owns 397,827 shares of the company’s stock worth $2,502,000 after buying an additional 106,645 shares in the last quarter. Finally, Uniplan Investment Counsel Inc. purchased a new position in shares of magicJack VocalTec during the first quarter worth $1,413,000. 55.93% of the stock is owned by hedge funds and other institutional investors.

About magicJack VocalTec

magicJack VocalTec Ltd. and its subsidiaries is a cloud communications company. The Company provides magicJack devices and other magicJack products and services. The Company also provides additional products and services, which include voice applications on smart phones, as well as the magicJack PLUS, magicJack GO and magicJack EXPRESS, which are updated versions of the magicJack device that have their own central processing unit (CPU) and can connect a regular phone directly to the users broadband modem/router and function as a standalone phone without using a computer.

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