Teligent (TLGT) Stock Rating Lowered by ValuEngine

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ValuEngine cut shares of Teligent (NASDAQ:TLGT) from a buy rating to a hold rating in a research note issued to investors on Thursday, ValuEngine reports.

Separately, Raymond James cut shares of Teligent from a strong-buy rating to an outperform rating in a research note on Tuesday, March 19th.

Teligent stock opened at $0.76 on Thursday. The stock has a market cap of $41.00 million, a price-to-earnings ratio of -2.31 and a beta of 1.45. The company has a debt-to-equity ratio of 14.43, a quick ratio of 0.79 and a current ratio of 1.46. Teligent has a 52 week low of $0.66 and a 52 week high of $4.52.

Teligent (NASDAQ:TLGT) last released its earnings results on Monday, March 18th. The company reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.16). The company had revenue of $16.78 million for the quarter, compared to analyst estimates of $17.73 million. Teligent had a negative net margin of 73.56% and a negative return on equity of 103.41%. As a group, research analysts forecast that Teligent will post -0.17 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Elk Creek Partners LLC grew its stake in shares of Teligent by 6.0% in the 4th quarter. Elk Creek Partners LLC now owns 4,880,589 shares of the company’s stock worth $6,686,000 after purchasing an additional 277,834 shares during the last quarter. Prosight Management LP grew its stake in shares of Teligent by 9.5% in the 4th quarter. Prosight Management LP now owns 3,547,607 shares of the company’s stock worth $4,860,000 after purchasing an additional 306,846 shares during the last quarter. BlackRock Inc. grew its stake in shares of Teligent by 0.5% in the 3rd quarter. BlackRock Inc. now owns 3,463,605 shares of the company’s stock worth $13,681,000 after purchasing an additional 16,198 shares during the last quarter. AMI Asset Management Corp grew its stake in shares of Teligent by 0.5% in the 1st quarter. AMI Asset Management Corp now owns 2,727,695 shares of the company’s stock worth $3,164,000 after purchasing an additional 13,403 shares during the last quarter. Finally, Vanguard Group Inc grew its stake in shares of Teligent by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 2,249,427 shares of the company’s stock worth $8,885,000 after purchasing an additional 15,800 shares during the last quarter. 64.59% of the stock is currently owned by institutional investors.

About Teligent

Teligent, Inc, a specialty generic pharmaceutical company, develops, manufactures, markets, and sells generic topical, branded generic, and generic injectable pharmaceutical products in the United States and Canada. It offers generic pharmaceutical products in topical, injectable, complex, and ophthalmic dosage forms.

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