Shares of Sandvine Co. (TSE:SVC) have been given an average recommendation of “Buy” by the eight research firms that are presently covering the stock. Five research analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$3.83.

SVC has been the subject of several research analyst reports. Desjardins raised Sandvine from a “hold” rating to a “buy” rating in a research report on Friday, October 7th. TD Securities reissued a “buy” rating and set a C$4.50 price objective on shares of Sandvine in a research report on Monday, July 11th. Scotiabank raised Sandvine from a “sector perform” rating to an “outperform” rating and set a C$3.50 price objective for the company in a research report on Friday, July 8th. Royal Bank Of Canada reissued an “outperform” rating and set a C$4.50 price objective on shares of Sandvine in a research report on Friday, July 8th. Finally, Canaccord Genuity boosted their price objective on Sandvine from C$4.00 to C$4.25 and gave the stock a “buy” rating in a research report on Friday, July 8th.

Shares of Sandvine (TSE:SVC) traded up 0.91% during midday trading on Tuesday, hitting $3.05. The company had a trading volume of 323,171 shares. Sandvine has a one year low of $2.27 and a one year high of $3.73. The company’s 50 day moving average is $3.13 and its 200 day moving average is $2.97. The firm has a market cap of $405.77 million and a price-to-earnings ratio of 12.35.

About Sandvine

Sandvine Corporation develops and markets Network Policy Control solutions for communications service providers. The Company’s Network Policy Control solutions consists a hardware platform and software modules that are bundled together to provide a system for broadband communications service providers to identify (video streams, such as Netflix, Voice over Internet Protocol traffic, such as Skype, or online gaming), report on and take action on the data traversing their networks.

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