Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) traded at an unexpectedly high level on 04/03/2017 when the stock experienced a -4.32 loss to a closing price of $1.77. The company saw 0.14 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 0.08 million shares a day, this signifies a pretty significant change over the norm.Alaska Communications Systems Group, Inc. (ALSK) Analyst Gushes
Analysts are speculating a 63.84% move, based on the high target price ($2.9) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $2.9 price target, but the stock is already up 18.79% from its recent lows. However, the stock is trading at -10.15% versus recent highs ($1.97). Analysts believe that we could see stock price minimum in the $2.9 range (lowest target price), allowing for another 63.84% jump from its current position. Leading up to this report, we have seen a 5.99% rise in the stock price over the last 30 days and a 7.93% increase over the past 3 months. Overall, the share price is up 7.93% so far this year. Additionally, ALSK had a day price range of $1.76 to $1.85.Alaska Communications Systems Group, Inc. Rating Changes
Several analysts are currently covering the company. RBC Capital Mkts, Banc of America Sec, Lehman Brothers, Stifel Nicolaus, JP Morgan, and are among others. The most recent downgrade was reported by RBC Capital Mkts on Nov 09, 2011, with a rating change from Sector Perform to Underperform. In a separate analyst note, Banc of America Sec upgraded the stock on May 28, 2008. The firm had put out a Buy rating. The stock was previously classified as Neutral. Back on Jul 25, 2007, an upgrade report came from analysts at Lehman Brothers who in their research report assigned Equal-weight rating on the stock. The brokerage had Underweight rating prior to this move.
Heading into the stock price potential, Alaska Communications Systems Group, Inc. needs to grow just 63.84% to cross its median price target of $2.9. In order to determine directional movement, the 50-day and 200-day moving averages for Alaska Communications Systems Group, Inc. (NASDAQ:ALSK) are $1.74 and $1.67. Given that liquidity is king in short-term, ALSK is a stock with 51.79 million shares outstanding that normally trades 0.1% of its float. The stock price recently experienced a 5-day loss of -4.84% with 0.06 average true range (ATR). ALSK has a beta of 0.32 and RSI is 48.66.