Mitel Networks Corporation (MITL) Insider Sells $21,644.91 in Stock
Mitel Networks Corporation (NASDAQ:MITL) (TSE:MNW) insider Colin Ross Mcanuff sold 2,709 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $7.99, for a total transaction of $21,644.91. Following the transaction, the insider now owns 5,000 shares in the company, valued at approximately $39,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Mitel Networks Corporation (MITL) traded down $0.03 during trading hours on Monday, reaching $8.01. 1,021,600 shares of the company traded hands, compared to its average volume of 701,340. Mitel Networks Corporation has a one year low of $6.21 and a one year high of $9.13. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.77 and a current ratio of 1.00.
TRADEMARK VIOLATION NOTICE: “Mitel Networks Corporation (MITL) Insider Sells $21,644.91 in Stock” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another site, it was copied illegally and republished in violation of United States & international copyright laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2017/11/13/mitel-networks-corporation-mitl-insider-sells-21644-91-in-stock.html.
Several equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Mitel Networks Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday. Royal Bank Of Canada reiterated a “hold” rating and issued a $8.50 price target on shares of Mitel Networks Corporation in a report on Thursday, November 2nd. National Bank Financial increased their price target on shares of Mitel Networks Corporation from $10.00 to $14.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. BidaskClub downgraded shares of Mitel Networks Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 12th. Finally, TheStreet upgraded shares of Mitel Networks Corporation from a “c” rating to a “b-” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $11.25.
Mitel Networks Corporation Company Profile
Mitel Networks Corporation is a provider of business communications and collaboration software, services and solutions. The Company’s segments include Cloud and Enterprise. The Enterprise segment sells and supports products and services for premise-based customers. The Cloud segment sells and supports products that are deployed in a cloud environment.
Receive News & Ratings for Mitel Networks Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitel Networks Corporation and related companies with MarketBeat.com's FREE daily email newsletter.