Ladenburg Thalmann Begins Coverage on TeleCommunication Systems (TSYS)
Ladenburg Thalmann initiated coverage on shares of TeleCommunication Systems (NASDAQ:TSYS) in a research note issued on Tuesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating and a $5.00 price target on the stock. Ladenburg Thalmann’s target price would indicate a potential upside of 67.79% from the stock’s previous close.
Separately, analysts at Zacks upgraded shares of TeleCommunication Systems from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 6th. They now have a $3.70 price target on the stock.
Shares of TeleCommunication Systems (NASDAQ:TSYS) opened at 2.98 on Tuesday. TeleCommunication Systems has a 52 week low of $2.08 and a 52 week high of $3.59. The stock’s 50-day moving average is $3.12 and its 200-day moving average is $2.83. The company’s market cap is $177.5 million.
TeleCommunication Systems (NASDAQ:TSYS) last released its earnings data on Thursday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $86.20 million for the quarter, compared to the consensus estimate of $86.34 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The company’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, analysts predict that TeleCommunication Systems will post $0.20 earnings per share for the current fiscal year.
TeleCommunication Systems, Inc (NASDAQ:TSYS) develops and applies secure mobile communication technology.
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