Pareteum (TEUM) Lowered to Hold at BidaskClub

BidaskClub lowered shares of Pareteum (NASDAQ:TEUM) from a buy rating to a hold rating in a research report report published on Tuesday morning, BidAskClub reports.

TEUM has been the subject of several other reports. ValuEngine upgraded Pareteum from a hold rating to a buy rating in a report on Tuesday, March 19th. Oppenheimer assumed coverage on Pareteum in a report on Friday, April 26th. They issued an outperform rating and a $7.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $7.00.

Shares of TEUM stock opened at $4.59 on Tuesday. Pareteum has a twelve month low of $1.45 and a twelve month high of $5.93. The firm has a market capitalization of $515.79 million, a price-to-earnings ratio of 51.00 and a beta of 1.13. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 1.20.

Pareteum (NASDAQ:TEUM) last issued its earnings results on Tuesday, March 12th. The company reported $0.02 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Pareteum had a negative return on equity of 2.62% and a negative net margin of 32.36%. The business had revenue of $14.31 million during the quarter, compared to analysts’ expectations of $13.40 million. As a group, equities analysts forecast that Pareteum will post 0.03 EPS for the current year.

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 Software as a Service (Saas), PaaS, or IaaS basis.

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Analyst Recommendations for Pareteum (NASDAQ:TEUM)

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