TeraGo (TSE:TGO) Price Target Lowered to C$9.00 at Desjardins

TeraGo (TSE:TGO) had its price target lowered by Desjardins from C$9.50 to C$9.00 in a report released on Monday, BayStreet.CA reports. Desjardins also issued estimates for TeraGo’s Q3 2019 earnings at ($0.09) EPS, Q4 2019 earnings at ($0.08) EPS, FY2019 earnings at ($0.43) EPS and FY2020 earnings at ($0.36) EPS.

Several other equities research analysts have also recently commented on the company. Canaccord Genuity dropped their price objective on TeraGo from C$13.00 to C$12.50 in a research report on Monday. TD Securities dropped their price objective on TeraGo from C$12.00 to C$11.50 and set a hold rating on the stock in a research report on Thursday, August 8th.

TeraGo stock opened at C$8.98 on Monday. The company has a debt-to-equity ratio of 142.22, a current ratio of 0.48 and a quick ratio of 0.40. TeraGo has a one year low of C$6.67 and a one year high of C$13.06. The stock has a market capitalization of $151.07 million and a PE ratio of -29.64. The business’s fifty day moving average is C$10.65 and its 200 day moving average is C$11.10.

About TeraGo

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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