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Berenberg announced Telit Communications PLC (LON:TCM), upholding its stock price target at 290.00GBX today

Just yesterday Telit Communications PLC (LON:TCM) traded -1.63% lower at 288.38GBX. Telit Communications PLC’s 50-day moving average is 281.24GBX and its 200-day moving average is 265.33GBX. The last stock price is up 7.88% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.06% over the same time period. 690,565 shares of TCM traded hands, up from an average trading volume of 441,030

In a report released on 2/9/2017 Berenberg hold steady the stock price target of Telit Communications PLC (LON:TCM) from 290.00GBX to 290.00GBX reporting a possible upside of 0.01%.

Previously on 02/01/2017, Canaccord Genuity released a statement about Telit Communications PLC (LON:TCM) held steady the target price at 325.00GBX. At the time, this indicated a possible upside of 0.12%.

Recent Performance Chart

Telit Communications PLC (LON:TCM)

Telit Communications PLC has 52 week low of 180.00GBX and a 52 week high of 305.50GBX with a PE ratio of 31.81 and has a market capitalization of 0 GBX.

In addition to Berenberg reporting its stock price target, a total of 4 brokerages have issued a ratings update on the company. The average stock price target is 4.22GBX with 2 brokerages rating the stock a strong buy, 1 brokerage rating the stock a buy, 1 brokerage rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.

Brief Synopsis On 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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