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Research analysts at Aegis began coverage on shares of InterCloud Systems (NASDAQ:ICLD) in a report released on Friday. The firm set a “buy” rating on the stock.

InterCloud Systems (NASDAQ:ICLD) opened at 6.18 on Friday. InterCloud Systems has a 52 week low of $2.20 and a 52 week high of $19.39. The stock has a 50-day moving average of $4.84 and a 200-day moving average of $9.84. The company’s market cap is $69.1 million.

InterCloud Systems (NASDAQ:ICLD) last released its earnings data on Friday, May 16th. The company reported ($1.52) EPS for the quarter. The company had revenue of $14.10 million for the quarter, compared to the consensus estimate of $11.20 million.

InterCloud Systems, Inc, formerly Genesis Group Holdings, Inc, is a provider of specialty and end-to-end outsourced networks and infrastructure services to the wireless and wireline telecommunications industry.

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