Aastra Technologies Upgraded to “Buy” by GMP Securities (AAH)
Aastra Technologies (TSE:AAH) was upgraded by stock analysts at GMP Securities from a “hold” rating to a “buy” rating in a report issued on Friday, Analyst Ratings News reports.
Aastra Technologies (TSE:AAH) traded up 24.90% on Friday, hitting $25.83. The stock had a trading volume of 41,792 shares. Aastra Technologies has a 52-week low of $15.40 and a 52-week high of $26.50. The stock has a 50-day moving average of $22.31 and a 200-day moving average of $20.33. The company has a market cap of $298.6 million and a P/E ratio of 7.98.
Separately, analysts at TD Securities raised their price target on shares of Aastra Technologies from C$23.00 to C$28.00 in a research note to investors on Friday. They now have a “buy” rating on the stock.
Aastra Technologies Limited (TSE:AAH) is engaged in developing, marketing, and supporting a portfolio of enterprise or business telephony solutions, including IP-PBX (Private Branch Exchange), hybrid IP-PBX and traditional PBX telephone systems.
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