A statement released earlier today by Berenberg about Telit Communications PLC (LON:TCM) bumps the target price to 2,580.00GBX
- Updated: October 1, 2016
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
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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