Redknee Solutions Inc (RKN) Given Consensus Rating of “Hold” by Brokerages
Redknee Solutions Inc (TSE:RKN) has earned a consensus recommendation of “Hold” from the six research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$1.13.
A number of research analysts have weighed in on RKN shares. Royal Bank Of Canada downgraded Redknee Solutions from a “sector perform” rating to an “underperform” rating and lowered their target price for the company from C$1.75 to C$1.00 in a report on Thursday, March 30th. Raymond James Financial, Inc. cut their target price on Redknee Solutions from C$1.95 to C$1.65 and set an “outperform” rating for the company in a research report on Friday, March 31st. Finally, CIBC cut Redknee Solutions from an “outperform” rating to a “neutral” rating and cut their target price for the stock from C$3.50 to C$0.85 in a research report on Wednesday, May 31st.
Shares of Redknee Solutions (RKN) opened at 0.94 on Tuesday. Redknee Solutions has a 12 month low of $0.73 and a 12 month high of $2.54. The stock’s 50 day moving average price is $0.84 and its 200 day moving average price is $1.25. The stock’s market capitalization is $101.84 million.
In related news, insider Vishal Kothari sold 60,000 shares of the business’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of C$0.76, for a total transaction of C$45,600.00.
Redknee Solutions Company Profile
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.
Receive News & Ratings for Redknee Solutions Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Redknee Solutions Inc and related companies with MarketBeat.com's FREE daily email newsletter.