ValuEngine Downgrades magicJack VocalTec (CALL) to Buy

magicJack VocalTec (NASDAQ:CALL) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a note issued to investors on Monday.

Shares of CALL stock opened at $8.40 on Monday. The firm has a market capitalization of $135.99, a P/E ratio of 8.48 and a beta of 0.70. magicJack VocalTec has a one year low of $5.55 and a one year high of $8.75.

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Hedge funds have recently modified their holdings of the stock. Virtu Financial LLC bought a new position in magicJack VocalTec in the fourth quarter worth $160,000. ARK Investment Management LLC bought a new position in magicJack VocalTec in the fourth quarter worth $314,000. Wolverine Asset Management LLC bought a new position in magicJack VocalTec in the fourth quarter worth $318,000. Citadel Advisors LLC lifted its position in magicJack VocalTec by 110.1% in the third quarter. Citadel Advisors LLC now owns 39,718 shares of the technology company’s stock worth $284,000 after purchasing an additional 20,818 shares during the period. Finally, Cutler Group LP lifted its position in magicJack VocalTec by 610.4% in the fourth quarter. Cutler Group LP now owns 45,389 shares of the technology company’s stock worth $383,000 after purchasing an additional 39,000 shares during the period. 64.83% of the stock is owned by hedge funds and other institutional investors.

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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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