Redknee Solutions Inc (RKN) Given Consensus Rating of “Hold” by Brokerages
Redknee Solutions Inc (TSE:RKN) has been assigned an average rating of “Hold” from the nine research firms that are currently covering the firm. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$2.31.
Several equities research analysts recently weighed in on the company. RBC Capital Markets cut their price objective on Redknee Solutions from C$2.00 to C$1.75 in a report on Saturday, August 6th. Raymond James Financial Inc. cut their price objective on Redknee Solutions from C$2.50 to C$2.25 and set an “outperform” rating on the stock in a report on Saturday, August 6th. Canaccord Genuity cut their price objective on Redknee Solutions from C$2.00 to C$1.75 and set a “hold” rating on the stock in a report on Saturday, August 6th. Finally, GMP Securities downgraded Redknee Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, July 27th.
Shares of Redknee Solutions (TSE:RKN) traded down 1.34% during mid-day trading on Tuesday, reaching $2.21. The company had a trading volume of 21,268 shares. The stock’s market capitalization is $239.21 million. The firm’s 50 day moving average is $2.17 and its 200-day moving average is $1.98. Redknee Solutions has a 12-month low of $1.33 and a 12-month high of $4.50.
About Redknee Solutions
Redknee Solutions Inc is a Canada-based company, which offers real-time monetization and subscriber management software products, solutions and services. The Company’s solutions include Redknee Communications Suite, including Revenue Management, fourth generation (4G) Monetization, Cloud Solutions, Marketing Solutions and Customer Experience, and Redknee Connected Suite, including Energy and Utilities, Internet of Things and Retail.
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