Internet Initiative Japan (OTCMKTS:IIJIY) Upgraded at Zacks Investment Research

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Zacks Investment Research upgraded shares of Internet Initiative Japan (OTCMKTS:IIJIY) from a hold rating to a buy rating in a report issued on Wednesday morning, Zacks.com reports. Zacks Investment Research currently has $17.00 target price on the communications equipment provider’s stock.

According to Zacks, “Internet Initiative Japan Inc. offers a comprehensive range of Internet access services and Internet-related services to customers, including corporations and other Internet service providers, in Japan. The company offers its services via one of the largest Internet network backbones in Japan as well as between Japan and the United States. (PRESS RELEASE) “

Separately, ValuEngine lowered Internet Initiative Japan from a hold rating to a sell rating in a report on Monday, February 10th.

OTCMKTS IIJIY opened at $14.85 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.27 and a debt-to-equity ratio of 0.17. Internet Initiative Japan has a 52-week low of $9.09 and a 52-week high of $15.47. The business’s 50-day moving average price is $13.82 and its 200 day moving average price is $11.99. The firm has a market cap of $1.37 billion, a P/E ratio of 21.79 and a beta of 0.62.

About Internet Initiative Japan

Internet Initiative Japan Inc offers Internet connectivity, WAN, outsourcing, systems integration, and equipment sales services in Japan. It operates in two segments, Network Services and Systems Integration Business, and ATM Operation Business. The company's Internet connectivity services for enterprise include IP services and IIJ data center connectivity services, IIJ FiberAccess/F and IIJ DSL/F services, IIJ mobile services, and dial-up access services, as well as other Internet connectivity services comprising IIJ ISDN/F and IIJ line management/F services.

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