TeraGo (TSE:TGO) Price Target Cut to C$9.00 by Analysts at Desjardins

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TeraGo (TSE:TGO) had its price target lowered by Desjardins from C$9.50 to C$9.00 in a research report sent to investors on Monday morning, BayStreet.CA reports.

Other analysts have also issued research reports about the company. TD Securities reduced their target price on TeraGo from C$12.00 to C$11.50 and set a hold rating for the company in a report on Thursday, August 8th. Canaccord Genuity reduced their target price on TeraGo from C$13.00 to C$12.50 in a report on Monday.

TGO opened at C$9.20 on Monday. The firm has a fifty day simple moving average of C$10.69. The stock has a market capitalization of $151.07 million and a price-to-earnings ratio of -30.36. TeraGo has a 12-month low of C$6.67 and a 12-month high of C$13.06. The company has a debt-to-equity ratio of 142.22, a current ratio of 0.48 and a quick ratio of 0.40.

TeraGo Company Profile

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

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