Sandvine Co. (SVC) Upgraded by Desjardins to Buy
Sandvine Co. (TSE:SVC) was upgraded by Desjardins from a “hold” rating to a “buy” rating in a report issued on Friday, StockTargetPrices.com reports.
SVC has been the topic of several other research reports. CIBC lowered their target price on shares of Sandvine from C$3.50 to C$3.00 in a report on Tuesday, September 13th. TD Securities reissued a “buy” rating and set a C$4.25 price objective on shares of Sandvine in a report on Friday, September 30th. Royal Bank Of Canada decreased their price objective on shares of Sandvine from C$4.50 to C$4.00 and set an “outperform” rating on the stock in a report on Tuesday, September 13th. Canaccord Genuity decreased their price objective on shares of Sandvine from C$4.25 to C$3.75 and set a “buy” rating on the stock in a report on Tuesday, September 13th. Finally, Scotiabank raised shares of Sandvine from a “sector perform” rating to an “outperform” rating and set a C$3.50 price objective on the stock in a report on Friday, July 8th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of C$3.56.
Sandvine (TSE:SVC) traded up 0.96% on Friday, hitting $3.14. 673,605 shares of the stock traded hands. The stock has a market capitalization of $436.41 million and a P/E ratio of 12.31. Sandvine has a 12-month low of $2.27 and a 12-month high of $3.73. The company’s 50 day moving average price is $3.21 and its 200-day moving average price is $2.96.
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Sandvine Company Profile
Sandvine Corporation develops and markets Network Policy Control solutions for communications service providers. The Company’s Network Policy Control solutions consists a hardware platform and software modules that are bundled together to provide a system for broadband communications service providers to identify (video streams, such as Netflix, Voice over Internet Protocol traffic, such as Skype, or online gaming), report on and take action on the data traversing their networks.
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