Pareteum Corp. (NASDAQ:TEUM) has earned a consensus broker rating score of 1.33 (Strong Buy) from the three brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a buy rating and two have given a strong buy rating to the company. Pareteum’s rating score has improved by 11.3% in the last 90 days as a result of various analysts’ upgrades and downgrades.

Brokers have set a twelve-month consensus price target of $4.06 for the company and are forecasting that the company will post $0.01 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Pareteum an industry rank of 37 out of 257 based on the ratings given to its competitors.

Separately, Dawson James reissued a “buy” rating on shares of Pareteum in a report on Thursday, October 25th.

NASDAQ TEUM traded down $0.12 on Wednesday, hitting $1.91. 32,372 shares of the stock were exchanged, compared to its average volume of 1,075,387. Pareteum has a 52-week low of $0.54 and a 52-week high of $3.59. The stock has a market cap of $122.33 million, a price-to-earnings ratio of -2.27 and a beta of 0.31.

Pareteum Company Profile

Pareteum Corporation operates a communications cloud services platform in Europe and internationally. Its platform provides mobility, messaging, and security services and applications, with a single-sign-on, application program interface (API), and software development suite. The company's platform hosts integrated IT/back office and core network functionality for mobile network operators, as well as for enterprises to implement and leverage mobile communications solutions on a SaaS, PaaS, or IaaS basis.

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