TD Securities Boosts TeraGo (TGO) Price Target to C$11.50

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 (TSE:TGO) last announced its quarterly earnings data on Thursday, February 21st. The company reported C($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.05) by C($0.08). The company had revenue of C$12.87 million for the quarter, compared to analyst estimates of C$13.50 million. Equities analysts expect that TeraGo will post -0.130000002184874 EPS for the current fiscal year.

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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