Insider Selling: Telit Communications Plc (LON:TCM) Insider Sells 16,898 Shares of Stock
Telit Communications Plc (LON:TCM) insider Yosi Fait sold 16,898 shares of Telit Communications Plc stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of GBX 315 ($4.08), for a total transaction of £53,228.70 ($68,949.09).
Yosi Fait also recently made the following trade(s):
- On Monday, July 3rd, Yosi Fait sold 89,135 shares of Telit Communications Plc stock. The shares were sold at an average price of GBX 300 ($3.89), for a total transaction of £267,405 ($346,379.53).
Shares of Telit Communications Plc (LON:TCM) traded down 1.32% on Tuesday, reaching GBX 298.00. 997,171 shares of the company traded hands. The stock has a 50 day moving average of GBX 331.42 and a 200 day moving average of GBX 312.20. The stock’s market cap is GBX 344.12 million. Telit Communications Plc has a 52-week low of GBX 218.65 and a 52-week high of GBX 379.00.
TCM has been the subject of a number of research reports. Berenberg Bank lifted their target price on shares of Telit Communications Plc from GBX 380 ($4.92) to GBX 415 ($5.38) and gave the company a “buy” rating in a research note on Monday, May 15th. Morgan Stanley reissued an “overweight” rating and set a GBX 350 ($4.53) target price on shares of Telit Communications Plc in a research note on Wednesday, March 22nd. Canaccord Genuity lifted their target price on shares of Telit Communications Plc from GBX 355 ($4.60) to GBX 390 ($5.05) and gave the company a “buy” rating in a research note on Wednesday, April 26th. Finally, Royal Bank Of Canada lifted their target price on shares of Telit Communications Plc from GBX 325 ($4.21) to GBX 375 ($4.86) and gave the company an “outperform” rating in a research note on Tuesday, March 14th. Five equities research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average target price of GBX 370 ($4.79).
Telit Communications Plc Company Profile
Telit Communications PLC (Telit) is a United Kingdom-based enabler of machine-to-machine (M2M) communications providing cellular, short range and positioning modules via its brand Telit Wireless Solutions. The Company develops and markets cellular, global navigation satellite system (GNSS), short-to-long range wireless modules plus mobile connectivity services and application enablement platform to onboard edge devices to the Internet of Things (IoT).
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