Several other equities analysts have also recently weighed in on the company. Oppenheimer began coverage on Pareteum in a report on Friday, April 26th. They issued an outperform rating and a $7.00 price objective for the company. BidaskClub upgraded Pareteum from a sell rating to a hold rating in a report on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. Pareteum currently has a consensus rating of Buy and an average price target of $7.00.
Shares of NASDAQ TEUM traded up $0.11 during mid-day trading on Thursday, hitting $3.55. The company had a trading volume of 2,093,060 shares, compared to its average volume of 3,855,453. The company has a market cap of $381.84 million, a P/E ratio of 39.44 and a beta of 0.87. The company has a 50-day moving average price of $2.95. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.15. Pareteum has a one year low of $1.45 and a one year high of $5.93.
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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