Zacks Downgrades WI-LAN to Underperform (WILN)
WI-LAN (NASDAQ:WILN) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Friday, AmericanBankingNews.com reports. They currently have a $2.50 price objective on the stock. Zacks‘ price objective would indicate a potential downside of 18.03% from the company’s current price.
WILN has been the subject of a number of other recent research reports. Analysts at CIBC downgraded shares of WI-LAN from an “outperform” rating to an “underperform” rating in a research note to investors on Thursday. Analysts at Canaccord Genuity downgraded shares of WI-LAN to a “buy” rating in a research note to investors on Thursday. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $2.50.
Shares of WI-LAN (NASDAQ:WILN) traded up 2.79% on Friday, hitting $3.135. 548,235 shares of the company’s stock traded hands. WI-LAN has a 52 week low of $3.15 and a 52 week high of $5.89. The stock has a 50-day moving average of $3.3 and a 200-day moving average of $3.96. The company’s market cap is $379.6 million.
WI-LAN (NASDAQ:WILN) last released its earnings data on Thursday, August 8th. The company reported ($0.01) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.02. The company had revenue of $19.90 million for the quarter, compared to the consensus estimate of $18.01 million.
Wi-LAN Inc (NASDAQ:WILN) is a licensing company.
To view Zacks’ full report, visit www.zacks.com
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