Telit Communications (TCM) Rating Reiterated by Berenberg Bank
Telit Communications (LON:TCM)‘s stock had its “hold” rating reiterated by research analysts at Berenberg Bank in a report released on Friday. They presently have a GBX 165 ($2.21) price target on the stock. Berenberg Bank’s price target suggests a potential upside of 10.00% from the company’s current price.
Separately, Royal Bank of Canada decreased their price target on shares of Telit Communications from GBX 180 ($2.41) to GBX 170 ($2.27) and set a “sector performer” rating on the stock in a research note on Monday, December 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Telit Communications has an average rating of “Buy” and an average target price of GBX 226.80 ($3.03).
Telit Communications (TCM) opened at GBX 150 ($2.01) on Friday. The company has a market cap of $202.22 and a P/E ratio of 3,000.00. Telit Communications has a one year low of GBX 100.25 ($1.34) and a one year high of GBX 379 ($5.07).
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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).
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