A statement released earlier today by RBC Capital Markets about Telit Communications PLC (LON:TCM) ups the target price to 325.00GBX
- Updated: September 22, 2016
Showing a price of 232.50GBX, Telit Communications PLC (LON:TCM) traded 1.39% higher on the day. The last closing price is up 11.76% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Telit Communications PLC has recorded a 50-day average of 250.43GBX and a two hundred day average of 228.17GBX. Trading volume was up over the average, with 2,252,092 shares of TCM changing hands over the typical 817,621
Stating as potential upside of 0.40%, RBC Capital Markets increased the stock price target of Telit Communications PLC (LON:TCM) to 325.00GBX
On 8/18/2016, Canaccord Genuity released a statement on Telit Communications PLC (LON:TCM) increased the target price from 280.00GBX to 310.00GBX. At the time, this suggested an upside of 0.21%.
See Chart Below
Telit Communications PLC has a 52 week low of 167.75GBX and a 52 week high of 350.00GBX with a price-earnings ratio of 28.33 Telit Communications PLC’s market capitalization is presently 0 GBX.
A total of 4 brokerages have issued a ratings update on Telit Communications PLC. 2 analysts rating the company a strong buy, one firm rating the stock a buy, 1 equity analyst rating the company a hold, 0 brokers rating the stock a underperform, and finally zero analysts rating the stock a sell with a average stock price target of 4.22GBX.
More 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.