Aastra Technologies Price Target Raised to C$26.00 at National Bank Financial (AAH)
Research analysts at National Bank Financial raised their target price on shares of Aastra Technologies (TSE:AAH) from C$13.00 to C$26.00 in a report released on Monday, ARN reports. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price suggests a potential downside of 0.38% from the company’s current price.
A number of other firms have also recently commented on AAH. Analysts at Cormark upgraded shares of Aastra Technologies from a “market perform” rating to a “buy” rating in a research note to investors on Friday. Separately, analysts at GMP Securities upgraded shares of Aastra Technologies from a “hold” rating to a “buy” rating in a research note to investors on Friday. Finally, 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. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$23.67.
Shares of Aastra Technologies (TSE:AAH) traded up 1.92% during mid-day trading on Monday, hitting $26.60. 12,768 shares of the company’s stock traded hands. Aastra Technologies has a 52 week low of $15.40 and a 52 week high of $27.02. The stock has a 50-day moving average of $20.66 and a 200-day moving average of $20.53. The company has a market cap of $310.7 million and a P/E ratio of 10.08.
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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