Wi-LAN Inc (QTRH) Raised to Buy at Zacks Investment Research
Wi-LAN Inc (NASDAQ:QTRH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The brokerage currently has a $2.00 price objective on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 14.23% from the company’s current price.
According to Zacks, “Quarterhill Inc. is a diversified investment holding company. It focused on growing its business by acquiring technology companies in the Industrial Internet of Things segment across multiple verticals. The company’s products and services capture, analyze and interpret data. Quarterhill Inc, formerly known as Wi-LAN Inc, is based in Ottawa, Canada. “
Separately, ValuEngine upgraded Wi-LAN from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $3.50.
Shares of Wi-LAN (NASDAQ QTRH) traded down 1.0847% during midday trading on Thursday, hitting $1.7508. 70,034 shares of the stock were exchanged. The firm has a market capitalization of $207.69 million, a price-to-earnings ratio of 36.4750 and a beta of 0.53. Wi-LAN has a 1-year low of $1.26 and a 1-year high of $2.20. The stock’s 50-day moving average price is $1.49 and its 200-day moving average price is $1.53.
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Wi-LAN Company Profile
Quarterhill Inc, formerly Wi-LAN Inc, is a Canada-based investment holding company focused on growing its business by acquiring technology companies in the Industrial Internet of Things (IIoT) across multiple verticals. The Company targets companies with a broad range of products and services that capture, analyze and interpret data, and that have financial performance, management teams, intellectual property underpinnings and opportunities to develop long-term recurring and growing revenue streams.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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