NEW YORK (TheStreet) -- Shares of Neustar, Inc. (NSR) are up 2.86% to $29.53 on very heavy trading volume this afternoon after it was reported that the company is considering a potential sale amid interest from private equity firms, sources told Reuters.
The company, which helps North American telecommunication carriers route calls and text messages, is working with JPMorgan Chase (JPM) as it reviews possible options following a more than 40% drop in its share price year-to-date, sources said.
TheStreet Ratings team rates NEUSTAR INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate NEUSTAR INC (NSR) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and a generally disappointing performance in the stock itself."