TeraGo Given Consensus Rating of “Hold” by Analysts (TSE:TGO)
TeraGo (TSE:TGO) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, American Banking & Market News reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$7.21.
A number of analysts have recently weighed in on TGO shares. Analysts at Desjardins cut their price target on shares of TeraGo from C$8.50 to C$7.50 in a research note on Monday. They now have a “hold” rating on the stock. Separately, analysts at National Bank Financial raised their price target on shares of TeraGo from C$6.50 to C$7.50 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, analysts at TD Securities cut their price target on shares of TeraGo from C$7.00 to C$6.00 in a research note on Friday. They now have a “hold” rating on the stock.
TeraGo (TSE:TGO) remained flat at $5.30 during trading on Tuesday. 400 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 $4.91 and its 200-day moving average is $6.11. The company has a market cap of $60.9 million and a P/E ratio of 13.95.
TeraGo (TSE:TGO) last announced its earnings results on Friday, May 9th. The company reported ($0.05) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.05 by $0.10. On average, analysts predict that TeraGo will post $0.19 earnings per share for the current fiscal year.
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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