Telit Communications PLC (LON:TCM) Stock Rating Maintained by Analysts at Berenberg; The GBX 2580.00 Target Indicates 868.11% Potential

Telit Communications PLC (LON:TCM) Rating

In a note sent to investors on today, Berenberg restate their Hold rating on Telit Communications PLC (LON:TCM)’s stock. The target price would suggest a potential upside of 868.11% from company’s current stock price.

Out of 5 analysts covering Telit Communications (LON:TCM), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. GBX 2580 is the highest target while GBX 240 is the lowest. The GBX 883.75 average target is 231.61% above today’s (GBX 266.5) stock price. Telit Communications has been the topic of 20 analyst reports since October 12, 2015 according to StockzIntelligence Inc. Berenberg maintained the stock on September 29 with “Hold” rating. Peel Hunt maintained the shares of TCM in a report on August 8 with “Buy” rating.

About 9,821 shares traded hands. Telit Communications Plc (LON:TCM) has risen 13.84% since March 1, 2016 and is uptrending. It has outperformed by 2.59% the S&P500.

Telit Communications PLC is a United Kingdom enabler of machine-to-machine (M2M) communications providing cellular, short range and positioning modules via its brand Telit Wireless Solutions. The company has a market cap of 308.11 million GBP. The Firm develops and markets cellular, global navigation satellite system (GNSS), short-to-long range wireless modules plus mobile connectivity services and application enablement platform to onboard edge devices to the Internet of Things (IoT). It has a 38.61 P/E ratio. The Firm is organized into three geographical divisions: EMEA, APAC and Americas.

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