TeraGo (TSE:TGO) had its target price lifted by stock analysts at TD Securities from C$10.50 to C$11.50 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price indicates a potential downside of 2.87% from the company’s current price.
Separately, Canaccord Genuity reissued a “buy” rating and set a C$12.50 price objective on shares of TeraGo in a research note on Monday, March 18th.
Shares of TGO traded down C$0.03 on Friday, hitting C$11.84. 1,182 shares of the stock traded hands, compared to its average volume of 21,104. The company has a debt-to-equity ratio of 72.89, a quick ratio of 0.75 and a current ratio of 0.89. The company has a market capitalization of $188.27 million and a price-to-earnings ratio of -38.69. TeraGo has a 1 year low of C$5.15 and a 1 year high of C$12.43.
TeraGo Company Profile
TeraGo Inc, together with its subsidiaries, provides connectivity, colocation, and enterprise infrastructure cloud services for businesses primarily in Canada. The company owns and operates a carrier-grade multi-protocol label switching enabled wireline and fixed wireless, and Internet protocol communications network that provide Internet access, private interconnection, and data connectivity services.
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