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Scotiabank reduced their target price on shares of Glentel (TSE:GLN) from C$15.00 to C$14.00 in a research note issued on Monday. The firm currently has an “outperform” rating on the stock. Scotiabank’s target price points to a potential upside of 32.08% from the company’s current price.

Shares of Glentel (TSE:GLN) traded up 0.57% on Monday, hitting $10.66. The stock had a trading volume of 1,628 shares. Glentel has a 1-year low of $10.52 and a 1-year high of $16.40. The stock’s 50-day moving average is $11.02 and its 200-day moving average is $11.8. The company has a market cap of $237.5 million and a price-to-earnings ratio of 48.18.

Glentel (TSE:GLN) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.24 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.13 by $0.11. On average, analysts predict that Glentel will post $0.02 earnings per share for the current fiscal year.

GLENTEL Inc is a Canada-based company. It operates in three segments: Retail Canada Division, Retail US Division and Business Division.

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