Tech Industry

World Access gains on upgrade

World Access shares moved up 63 cents, or 15 percent, to $4.69 Monday after Kaufman Brothers upgraded the provider of Internet, data and voice communications services from a "buy" recommendation to a "strong buy."

World Access (Nasdaq: WAXS) shares moved up to a 52-week high of $27.50 in March before falling to a low of $3.31 earlier this month.

First Call Corp. consensus expects it to lose 31 cents a share in its third quarter and 69 cents a share in the fiscal year.

Last quarter, World Access posted a profit of $300,000 on sales of $306.1 million.

In September, company officials predicted it would exceed $2.6 billion in sales in fiscal 2001.

All four analysts following the stock rate it either a "buy" or "strong buy."