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The Boston Globe

Business

Mass. movers

Analyst cuts Acme Packet rating

Andrew D. Ory is Acme Packet’s founder and CEO.

The boston globe/file

Andrew D. Ory is Acme Packet’s founder and CEO.

A Jefferies analyst downgraded shares of Acme Packet Inc., a Bedford-based telecommunications company, to ‘‘hold’’ from “buy.’’ Analyst James Kisner also set a 12-month price target of $21 per share. Jefferies cited a change in spending by US carriers to focus on expanding their wireless business, Reuters reported. Acme Packet has more than 1,600 customers in more than 107 countries.