Redknee Solutions Inc (TSE:RKN) has earned a consensus recommendation of “Hold” from the nine analysts that are covering the stock. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$2.31.

Several equities research analysts recently weighed in on RKN shares. RBC Capital Markets reduced their target price on Redknee Solutions from C$2.00 to C$1.75 in a report on Saturday, August 6th. Canaccord Genuity dropped their price target on Redknee Solutions from C$2.00 to C$1.75 and set a “hold” rating on the stock in a research report on Saturday, August 6th. GMP Securities downgraded Redknee Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, July 27th. Finally, Raymond James Financial Inc. dropped their price target on Redknee Solutions from C$2.50 to C$2.25 and set an “outperform” rating on the stock in a research report on Saturday, August 6th.

Shares of Redknee Solutions (TSE:RKN) traded down 1.34% during trading on Tuesday, reaching $2.21. The company had a trading volume of 21,268 shares. The stock has a 50 day moving average price of $2.17 and a 200 day moving average price of $1.98. Redknee Solutions has a 12 month low of $1.33 and a 12 month high of $4.50. The firm’s market capitalization is $239.21 million.

About Redknee Solutions

Redknee Solutions Inc is a Canada-based company, which offers real-time monetization and subscriber management software products, solutions and services. The Company’s solutions include Redknee Communications Suite, including Revenue Management, fourth generation (4G) Monetization, Cloud Solutions, Marketing Solutions and Customer Experience, and Redknee Connected Suite, including Energy and Utilities, Internet of Things and Retail.

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