Spirent Communications Downgraded to “Equal-weight” at Morgan Stanley (SPT)

Spirent Communications (LON: SPT) was downgraded by Morgan Stanley to an “equal-weight” rating in a research note issued on Wednesday, AnalystRatings.Net reports. They currently have a $2.36 (155 GBX) price target on the stock, down from their previous price target of $2.59 (170 GBX).

A number of other firms have also recently commented on SPT. Analysts at Panmure Gordon reiterated a “buy” rating on shares of Spirent Communications in a research note to investors on Wednesday, March 13th. They now have a $3.11 price target on the stock.

Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Spirent Communications currently has an average rating of “Buy” and an average price target of $2.62 (173 GBX).

Shares of Spirent Communications (LON: SPT) opened at 148.50 on Wednesday. Spirent Communications has a one year low of GBX 134.10 and a one year high of GBX 177.165. The stock’s 50-day moving average is currently GBX 158.5. The company’s market cap is £962.0 million.

Spirent Communications plc operates in the communications test and measurement industry. The Company is organized into three business segments: Performance Analysis, Service Assurance and Systems.

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