Analysts Offer Predictions for Pareteum Corp’s Q2 2018 Earnings (TEUM)

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Pareteum Corp (NYSEAMERICAN:TEUM) – Stock analysts at Dawson James issued their Q2 2018 earnings per share estimates for shares of Pareteum in a research report issued to clients and investors on Tuesday, June 12th. Dawson James analyst R. Wasserman expects that the technology company will post earnings of ($0.02) per share for the quarter. Dawson James also issued estimates for Pareteum’s Q3 2018 earnings at ($0.02) EPS.

Pareteum (NYSEAMERICAN:TEUM) last announced its earnings results on Monday, May 7th. The technology company reported ($0.04) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. The company had revenue of $4.11 million for the quarter.

Separately, Taglich Brothers began coverage on shares of Pareteum in a research note on Tuesday, May 29th. They set a “buy” rating and a $3.50 target price for the company.

Shares of Pareteum opened at $2.54 on Wednesday, MarketBeat Ratings reports. Pareteum has a 1-year low of $0.50 and a 1-year high of $3.59.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of Pareteum by 15,397.0% in the first quarter. Barclays PLC now owns 170,002 shares of the technology company’s stock valued at $415,000 after purchasing an additional 168,905 shares during the period. Citadel Advisors LLC purchased a new position in shares of Pareteum in the first quarter valued at approximately $123,000. Northern Trust Corp boosted its stake in shares of Pareteum by 399.7% in the first quarter. Northern Trust Corp now owns 73,944 shares of the technology company’s stock valued at $180,000 after purchasing an additional 59,146 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of Pareteum by 250.7% in the fourth quarter. Geode Capital Management LLC now owns 120,821 shares of the technology company’s stock valued at $250,000 after purchasing an additional 86,374 shares during the period.

About Pareteum

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 SaaS, PaaS, or IaaS basis.

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