Open Text Corp (OTC) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Open Text Corp (TSE:OTC) (NASDAQ:OTEX) have received an average recommendation of “Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$42.20.
Several analysts recently commented on the company. Beacon Securities upgraded Open Text Corp from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Open Text Corp in a research report on Wednesday, May 24th.
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Shares of Open Text Corp (OTC) opened at 43.56 on Friday. Open Text Corp has a one year low of $31.99 and a one year high of $45.99. The firm’s 50-day moving average is $43.27 and its 200-day moving average is $42.01.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Friday, September 1st will be paid a dividend of $0.132 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.53 dividend on an annualized basis and a yield of 1.21%.
About Open Text Corp
Open Text Corporation provides a platform and suite of software products and services that assist organizations in finding, utilizing, and sharing business information from any device. The Company designs, develops, markets and sells Enterprise Information Management (EIM) software and solutions. Its EIM offerings include Enterprise Content Management (ECM), Business Process Management (BPM), Customer Experience Management (CEM), Business Network, Discovery and Analytics.
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