WI-LAN Price Target Lowered to $3.50 at BMO Capital Markets (WILN)
Equities researchers at BMO Capital Markets decreased their price target on shares of WI-LAN (NASDAQ:WILN) from $4.00 to $3.50 in a research report issued on Friday, Analyst Ratings News reports. BMO Capital Markets’ price target would suggest a potential upside of 13.64% from the company’s current price.
Separately, analysts at Zacks upgraded shares of WI-LAN from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, November 25th. They now have a $3.30 price target on the stock. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.40.
Shares of WI-LAN (NASDAQ:WILN) traded down 0.97% on Friday, hitting $3.05. 41,247 shares of the company’s stock traded hands. WI-LAN has a one year low of $2.85 and a one year high of $4.85. The stock has a 50-day moving average of $3.20 and a 200-day moving average of $3.42. The company’s market cap is $366.7 million.
WI-LAN (NASDAQ:WILN) last announced its earnings results on Thursday, January 30th. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.02. The company had revenue of $29.20 million for the quarter, compared to the consensus estimate of $28.41 million. Analysts expect that WI-LAN will post $0.12 EPS for the current fiscal year.
Wi-LAN Inc (NASDAQ:WILN) is a licensing company.
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