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 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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