Open Text Corp (TSE:OTC) Given Consensus Rating of “Buy” by Analysts
Open Text Corp (TSE:OTC) (NASDAQ:OTEX) has earned an average recommendation of “Buy” from the eight analysts that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have covered the stock in the last year is C$42.20.
A number of research firms recently weighed in on OTC. Royal Bank Of Canada reissued an “outperform” rating on shares of Open Text Corp in a research report on Wednesday, May 24th. Beacon Securities lowered shares of Open Text Corp from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th.
Open Text Corp (TSE OTC) opened at 43.56 on Friday. Open Text Corp has a 1-year low of $31.99 and a 1-year high of $45.99. The stock’s 50 day moving average is $43.27 and its 200 day moving average is $42.01.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be issued a dividend of $0.132 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.53 dividend on an annualized basis and a yield of 1.21%.
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About Open Text Corp
Open Text Corporation provides a platform and suite of software products and services that assist organizations in finding, utilizing, and sharing business information from any device. The Company designs, develops, markets and sells Enterprise Information Management (EIM) software and solutions. Its EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics.
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