TeraGo (TGO) Given New C$10.00 Price Target at TD Securities

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TeraGo (TSE:TGO) had its target price raised by TD Securities from C$7.50 to C$10.00 in a research note issued to investors on Friday. They currently have a hold rating on the stock.

Several other research firms have also recently issued reports on TGO. Desjardins upped their price target on TeraGo from C$6.00 to C$7.00 in a report on Friday, August 10th. Cormark upped their price target on TeraGo from C$6.05 to C$6.75 in a report on Friday, August 10th.

Shares of TSE TGO traded down C$0.30 during trading on Friday, hitting C$9.93. The company had a trading volume of 17,400 shares, compared to its average volume of 67,871. TeraGo has a 52 week low of C$4.04 and a 52 week high of C$10.50. The company has a quick ratio of 1.16, a current ratio of 1.39 and a debt-to-equity ratio of 74.31.

TeraGo (TSE:TGO) last posted its quarterly earnings results on Wednesday, August 8th. The company reported C($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.05) by C($0.05). The business had revenue of C$13.68 million during the quarter, compared to the consensus estimate of C$13.40 million. On average, equities analysts anticipate that TeraGo will post -0.0900000052785927 earnings per share for the current fiscal 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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