TeraGo (TGO) Price Target Increased to C$10.00 by Analysts at TD Securities

TeraGo (TSE:TGO) had its price objective increased by stock analysts at TD Securities from C$7.50 to C$10.00 in a report issued on Friday. The firm presently has a “hold” rating on the stock. TD Securities’ target price would suggest a potential upside of 0.10% from the stock’s current price.

Several other brokerages have also recently issued reports on TGO. Desjardins lifted their price objective on TeraGo from C$6.00 to C$7.00 in a research note on Friday, August 10th. Cormark lifted their price objective on TeraGo from C$6.05 to C$6.75 in a research note on Friday, August 10th.

Shares of TGO traded down C$0.24 during midday trading on Friday, hitting C$9.99. The company had a trading volume of 13,193 shares, compared to its average volume of 67,851. The company has a current ratio of 1.39, a quick ratio of 1.16 and a debt-to-equity ratio of 74.31. TeraGo has a 1 year low of C$4.04 and a 1 year high of C$10.50.

TeraGo (TSE:TGO) last announced its quarterly earnings data on Wednesday, August 8th. The company reported C($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of C($0.05) by C($0.05). The firm had revenue of C$13.68 million during the quarter, compared to analyst estimates of C$13.40 million. As a group, equities analysts predict that TeraGo will post -0.0900000052785927 earnings per share for the current year.

About TeraGo

TeraGo Inc, together with its subsidiaries, provides connectivity, colocation, and enterprise infrastructure cloud services primarily in Canada. The company owns and operates a carrier-grade multi-protocol label switching enabled wireline and fixed wireless, Internet protocol (IP) communications network that provide Internet access, private interconnection, and data connectivity services to businesses.

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