Telit Communications Plc (TCM) Given Buy Rating at Canaccord Genuity
Several other equities analysts have also weighed in on the company. Peel Hunt reissued a buy rating and set a GBX 320 ($3.96) price objective on shares of Telit Communications Plc in a report on Friday. Royal Bank Of Canada began coverage on Telit Communications Plc in a report on Friday, September 23rd. They issued an outperform rating and a GBX 325 ($4.02) price target for the company. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of GBX 301.25 ($3.73).
Shares of Telit Communications Plc (LON:TCM) traded down 2.903% during trading on Friday, reaching GBX 263.375. The company’s stock had a trading volume of 327,599 shares. The stock’s market cap is GBX 302.45 million. The stock has a 50-day moving average of GBX 254.85 and a 200-day moving average of GBX 233.54. Telit Communications Plc has a 52-week low of GBX 167.75 and a 52-week high of GBX 304.25.
In other Telit Communications Plc news, insider Fait ,Yosi sold 140,152 shares of the firm’s stock in a transaction dated Tuesday, August 9th. The stock was sold at an average price of GBX 265 ($3.28), for a total transaction of £371,402.80 ($459,656.93). Also, insider Cats,Oozi purchased 100,000 shares of the stock in a transaction on Monday, September 12th. The shares were purchased at an average price of GBX 229 ($2.83) per share, for a total transaction of £229,000 ($283,415.84).
Telit Communications Plc Company Profile
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).
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