Notable Downgrades: MEI Pharma (MEIP), BlackBerry (BBRY), Century Aluminum (CENX), Sonus Networks (SONS), Zagg Inc (ZAGG)

MEI Pharma, Inc. (MEIP) was reiterated a ‘Buy’ by Cantor Fitzgerald analysts on Tuesday. The broker also cut its price target on the stock to $7 from $14, implying 100% expected downside.

MEIP shares recently gained $0.06 to $1.99. In the past 52 weeks, shares of San Diego, California-based company have traded between a low of $1.87 and a high of $13.98. Shares are down 80.85% year-over-year and 54.80% year-to-date.

Investment analysts at Rosenblatt initiated coverage on shares of BlackBerry Limited (BBRY) in a note issued to investors on Tuesday. The firm set a ‘Sell’ rating on the stock.

On valuation measures, BlackBerry Limited shares have a PEG ratio of (1.17). Price/Sales for the same period is 1.36 while EPS is ($1.43). Currently there are 2 analysts that rate BBRY a ‘Buy’, 19 rate it a ‘Hold’. 7 analysts rate it a ‘Sell’. BBRY has a median Wall Street price target of $10.00 with a high target of $17.00.

In the past 52 weeks, shares of Waterloo, Canada-based company have traded between a low of $7.01 and a high of $12.63 and are now at $9.53. Shares are up 3.70% year-over-year ; down 13.30% year-to-date.

Analysts at Morgan Stanley (MS) downgraded Century Aluminum Co. (CENX) from ‘Equal-Weight‘ to ‘Underweight‘ in a research report issued to clients on Tuesday.

On valuation measures, Century Aluminum Co. stock it’s trading at a forward P/E multiple of 5.72x, and at a multiple of 11.86x this year’s estimated earnings. The t-12-month revenue at Century Aluminum is $1.93 billion. CENX return on equity for the same period is 10.75%.

Shares of the $1.21 billion market cap company are up 14.49% year-over-year ; down 41.39% year-to-date.

Century Aluminum Co., currently with a median Wall Street price target of $24.00 and a high target of $31.00, dropped $0.67 to $13.635 in recent trading.

The chart below shows where the equity has traded over the past 52-weeks.

Sonus Networks, Inc. (SONS) was downgraded from ‘Outperform‘ to ‘Market Perform‘ at Barrington Research.

Shares have traded today between $8.80 and $9.90 with the price of the stock fluctuating between $8.80 to $21.25 over the last 52 weeks.

Sonus Networks Inc. shares are currently changing hands at a t-12 price/sales ratio of 2.20. EPS for the same period registers at ($0.34).

Shares of SONS have lost $4.00 to $9.16 in mid-day trading on Tuesday, giving it a market cap of roughly $453.78 million. The stock traded as high as $21.25 in July 22, 2014.

Craig Hallum reported on Tuesday that they have lowered their rating for ZAGG Inc (ZAGG). The firm has downgraded ZAGG from ‘Buy‘ to ‘Hold‘ and set its price target to $10.50.

ZAGG Inc. recently traded at $8.67, a loss of $0.75 over Monday’s closing price. The name has a current market capitalization of $255.27 million.

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