Canaccord Genuity Trims TeraGo (TSE:TGO) Target Price to C$12.50

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TeraGo (TSE:TGO) had its price target reduced by Canaccord Genuity from C$13.00 to C$12.50 in a research report sent to investors on Monday morning, BayStreet.CA reports.

Several other research analysts also recently weighed in on TGO. Desjardins reiterated a hold rating on shares of TeraGo in a research note on Wednesday, July 3rd. TD Securities lowered their target price on TeraGo from C$12.00 to C$11.50 and set a hold rating on the stock in a research note on Thursday, August 8th.

Shares of TGO stock opened at C$9.20 on Monday. The company has a 50 day moving average of C$10.69. TeraGo has a twelve month low of C$6.67 and a twelve month high of C$13.06. The stock has a market cap of $151.07 million and a P/E ratio of -30.36. The company has a quick ratio of 0.40, a current ratio of 0.48 and a debt-to-equity ratio of 142.22.

About TeraGo

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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