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

TeraGo (TSE:TGO) had its price target reduced by Desjardins from C$9.50 to C$9.00 in a research report sent to investors 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.

Other analysts also recently issued research reports about the company. Canaccord Genuity decreased their target price on TeraGo from C$13.00 to C$12.50 in a research note on Monday. TD Securities decreased their target price on TeraGo from C$12.00 to C$11.50 and set a hold rating on the stock in a research note on Thursday, August 8th.

Shares of TGO opened at C$8.98 on Monday. The business’s 50 day moving average is C$10.65 and its 200 day moving average is C$11.10. The company has a market capitalization of $151.07 million and a PE ratio of -29.64. TeraGo has a 12-month low of C$6.67 and a 12-month high of C$13.06. The company has a current ratio of 0.48, a quick ratio of 0.40 and a debt-to-equity ratio of 142.22.

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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