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Telit Communications Plc (LON:TCM)‘s stock had its “buy” rating restated by analysts at Canaccord Genuity in a research report issued to clients and investors on Monday. They currently have a GBX 305 ($5.18) target price on the stock. Canaccord Genuity’s target price suggests a potential upside of 34.81% from the stock’s previous close.

Shares of Telit Communications Plc (LON:TCM) traded up 2.37% during mid-day trading on Monday, hitting GBX 225.216. 169,056 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 215.4 and a 200-day moving average of GBX 208.1.

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

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