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.

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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).

Insider Buying and Selling by Quarter for Telit Communications Plc (LON:TCM)

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