A statement released earlier today by Peel Hunt about Telit Communications PLC (LON:TCM) maintains the target price at 320.00GBX
- Updated: October 13, 2016
Reporting a potential upside of 0.22%, Peel Hunt hold steady the target price of Telit Communications PLC (LON:TCM) at 320.00GBX
On 9/29/2016, Berenberg released a statement on Telit Communications PLC (LON:TCM) bumped up the target price from 280.00GBX to 2,580.00GBX that suggested an upside of 10.42%.
Boasting a price of 262.25GBX, Telit Communications PLC (LON:TCM) traded 1.14% higher on the day. With the last close up 13.81% 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 254.30GBX and a two hundred day average of 233.27GBX. Volume of trade was down over the average, with 10,249 shares of TCM changing hands under the typical 865,710
With a total market value of 0 GBX, Telit Communications PLC has 52 week low of 167.75GBX and a 52 week high of 336.00GBX with a PE ratio of 29.50 .
Also covering Telit Communications PLC's stock price target, a total of 4 analysts have released a report on the company. The average stock price target is 4.22GBX with 2 firms rating the stock a strong buy, one analyst rating the company a buy, one equity analyst rating the company a hold, zero firms rating the stock a underperform, and finally 0 brokers rating the company a sell.
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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