Mitel Networks Sets New 1-Year High at $6.08 (MITL)
Mitel Networks (NASDAQ:MITL) set a new 52-week high on Wednesday, American Banking & Market News reports. The company traded as high as $6.08 and last traded at $6.00, with a volume of 71,972 shares. The stock had previously closed at $5.91.
A number of research firms have recently commented on MITL. Analysts at RBC Capital raised their price target on shares of Mitel Networks (NASDAQ:MITL) from $4.50 to $5.00 in a research note to investors on Monday. They now have a “sector perform” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Mitel Networks (NASDAQ:MITL) from C$5.00 to C$6.00 in a research note to investors on Friday, August 30th. They now have a “buy” rating on the stock. Finally, analysts at M Partners cut their price target on shares of Mitel Networks (NASDAQ:MITL) from C$7.00 to C$6.25 in a research note to investors on Friday, August 30th. They now have a “buy” rating on the stock.
Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $5.60.
Mitel Networks has a one year low of $2.41 and a one year high of $6.08. The stock has a 50-day moving average of $4.86 and a 200-day moving average of $4.09. The company has a market cap of $322.2 million and a P/E ratio of 70.36.
Mitel Networks (NASDAQ:MITL) last issued its quarterly earnings data on Thursday, August 29th. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.02. The company had revenue of $141.60 million for the quarter, compared to the consensus estimate of $143.50 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. On average, analysts predict that Mitel Networks will post $0.83 earnings per share for the current fiscal year.
Mitel Networks Corporation is a provider of integrated communications solutions focused on the small-to-medium sized enterprise (NASDAQ:MITL).
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