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.

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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.

Several hedge funds and other institutional investors have recently modified their holdings of the company. OxFORD Asset Management LLP grew its stake in shares of Mitel Networks Corporation by 890.1% during the 3rd quarter. OxFORD Asset Management LLP now owns 762,620 shares of the communications equipment provider’s stock worth $6,334,000 after purchasing an additional 685,592 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Mitel Networks Corporation during the 3rd quarter worth approximately $554,000. Hillsdale Investment Management Inc. acquired a new stake in shares of Mitel Networks Corporation during the 3rd quarter worth approximately $5,761,000. Trexquant Investment LP grew its stake in shares of Mitel Networks Corporation by 326.9% during the 3rd quarter. Trexquant Investment LP now owns 44,029 shares of the communications equipment provider’s stock worth $369,000 after purchasing an additional 33,716 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Mitel Networks Corporation during the 3rd quarter worth approximately $588,000. 79.12% of the stock is currently owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Mitel Networks Corporation (NASDAQ:MITL)

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