TeraGo Receives Underperform Rating from CIBC (TGO)
TeraGo (TSE:TGO)‘s stock had its “underperform” rating reiterated by investment analysts at CIBC in a note issued to investors on Friday, AmericanBankingNews.com reports. They currently have a C$6.00 price target on the stock, down from their previous price target of C$6.50. CIBC’s price target indicates a potential upside of 15.38% from the company’s current price.
Shares of TeraGo (TSE:TGO) traded up 0.77% on Friday, hitting $5.24. 10,315 shares of the company’s stock traded hands. TeraGo has a 52 week low of $4.27 and a 52 week high of $8.41. The stock’s 50-day moving average is $4. and its 200-day moving average is $6.13. The company has a market cap of $60.0 million and a price-to-earnings ratio of 13.68.
TeraGo (TSE:TGO) last posted its quarterly earnings results on Friday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.10. Analysts expect that TeraGo will post $0.22 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at National Bank Financial initiated coverage on shares of TeraGo in a research note on Tuesday, April 29th. They set an “outperform” rating and a C$6.50 price target on the stock. Separately, analysts at NBF initiated coverage on shares of TeraGo in a research note on Tuesday, April 29th. They set an “outperform” rating and a C$6.50 price target on the stock. Finally, analysts at TD Securities downgraded shares of TeraGo from a “buy” rating to a “hold” rating in a research note on Thursday, February 27th. They now have a C$7.00 price target on the stock, down previously from C$10.00. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of C$7.00.
TeraGo Inc is a wireless broadband communications service provider to businesses in Canada. The Company owns and operates a carrier-grade Multi-Protocol Label Switching (TSE:TGO) enabled, fixed wireless, Internet Protocol (IP) communications network in Canada, providing businesses with scalable, and secure Internet access and data connectivity services.
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