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Telit Communications Plc (LON:TCM)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity in a research report issued to clients and investors on Monday. They currently have a GBX 290 ($4.94) price objective on the stock. Canaccord Genuity’s target price suggests a potential upside of 34.48% from the company’s current price.

Shares of Telit Communications Plc (LON:TCM) traded down 1.25% during mid-day trading on Monday, hitting GBX 212.3091. 105,894 shares of the company’s stock traded hands. Telit Communications Plc has a 52 week low of GBX 167.00 and a 52 week high of GBX 247.75. The stock has a 50-day moving average of GBX 205. and a 200-day moving average of GBX 200.4.

Telit Communications Plc (LON:TCM) is a global wireless technology company.

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