Telit Communications Plc (TCM) Insider Oozi Cats Purchases 200,000 Shares of Stock
Telit Communications Plc (LON:TCM) insider Oozi Cats acquired 200,000 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was acquired at an average cost of GBX 184 ($2.40) per share, for a total transaction of £368,000 ($479,229.07).
Oozi Cats also recently made the following trade(s):
- On Thursday, June 29th, Oozi Cats acquired 75,215 shares of Telit Communications Plc stock. The stock was acquired at an average cost of GBX 312 ($4.06) per share, for a total transaction of £234,670.80 ($305,600.73).
- On Wednesday, May 24th, Oozi Cats sold 7,081,620 shares of Telit Communications Plc stock. The shares were sold at an average price of GBX 340 ($4.43), for a total transaction of £24,077,508 ($31,355,004.56).
Telit Communications Plc (LON TCM) opened at 182.25 on Wednesday. The firm’s market capitalization is GBX 210.46 million. The company has a 50 day moving average of GBX 283.34 and a 200 day moving average of GBX 312.08. Telit Communications Plc has a 1-year low of GBX 143.25 and a 1-year high of GBX 379.00.
Several equities analysts recently issued reports on the stock. Morgan Stanley decreased their target price on shares of Telit Communications Plc from GBX 350 ($4.56) to GBX 269 ($3.50) and set an “overweight” rating for the company in a research note on Tuesday. Canaccord Genuity decreased their target price on shares of Telit Communications Plc from GBX 390 ($5.08) to GBX 210 ($2.73) and set a “buy” rating for the company in a research note on Tuesday. Finally, Berenberg Bank boosted their target price on shares of Telit Communications Plc from GBX 380 ($4.95) to GBX 415 ($5.40) and gave the company a “buy” rating in a research note on Monday, May 15th. Five investment analysts have rated the stock with a buy rating, The stock presently has an average rating of “Buy” and an average price target of GBX 317.80 ($4.14).
About Telit Communications Plc
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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