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A statement released earlier today by Berenberg about Telit Communications PLC (LON:TCM) bumps the target price to 2,580.00GBX

Berenberg bumped up the target of Telit Communications PLC (LON:TCM) to 2,580.00GBX stating a potential upside of 10.42%.

On Friday September 23, 2016, RBC Capital Markets released a statement for Telit Communications PLC (LON:TCM) bumped up the target price from 0.00GBX to 325.00GBX that suggested an upside of 0.40%.

Boasting a price of 226.00GBX, Telit Communications PLC (LON:TCM) traded -0.37% lower on the day. With the last stock price close down 17.41% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Telit Communications PLC has recorded a 50-day average of 250.26GBX and a two hundred day average of 229.96GBX. Volume of trade was up over the average, with 1,065,987 shares of TCM changing hands over the typical 902,463

Performance Chart

Telit Communications PLC (LON:TCM)

With a total market value of 0 GBX, Telit Communications PLC has price-earnings ratio of 30.00 with a one year low of 167.75GBX and a one year high of 345.75GBX .

A total of 4 equity analysts have released a ratings update on TCM. Two equity analysts rating the company a strong buy, one equity analyst rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of 4.22GBX.

Brief Synopsis About Telit Communications PLC (LON:TCM)

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). The Company is organized into three geographical segments: EMEA, APAC and Americas. Through its business unit m2mAIR, Telit provides platform as a service (PaaS), including M2M managed and value added services, application enablement and connectivity, including mobile network side and cloud backend services. Its modules are integrated in a range of applications, including asset tracking, remote industrial monitoring, automated utility meter reading, insurance telematics, consumer electronics and mobile health devices.

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