Novatel Wireless Inc (INSG) Stock Rating Upgraded by Zacks Investment Research
Novatel Wireless Inc (NASDAQ:INSG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday. The brokerage presently has a $2.75 price objective on the stock. Zacks Investment Research’s price target indicates a potential upside of 10.00% from the stock’s previous close.
According to Zacks, “Novatel Wireless, Inc. is a provider of wireless data modems and software for use with handheld computing devices and portable personal computers. The company delivers innovative and comprehensive solutions that enable businesses and consumers to access personal, corporate and public information through email, enterprise networks and the Internet. Novatel Wireless also offers wireless data modems and custom engineering services for hardware integration projects in a wide range of vertical applications. (Company Press Release) “
A number of other research analysts also recently commented on INSG. Northland Securities began coverage on Novatel Wireless in a research note on Tuesday, September 6th. They issued an “outperform” rating and a $4.75 price target for the company. Lake Street Capital reaffirmed a “buy” rating and issued a $3.00 price target (up previously from $2.50) on shares of Novatel Wireless in a research note on Monday, August 15th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Novatel Wireless presently has a consensus rating of “Buy” and a consensus price target of $3.20.
Novatel Wireless (NASDAQ:INSG) opened at 2.50 on Wednesday. The stock has a 50 day moving average of $2.88 and a 200 day moving average of $2.21. The company’s market cap is $134.89 billion. Novatel Wireless has a 52 week low of $0.84 and a 52 week high of $3.80.
About Novatel Wireless
Novatel Wireless, Inc is a provider of intelligent wireless solutions for the mobile communications market. The Company’s range of products includes intelligent mobile hotspots, universal serial bus (USB) modems, embedded modules, integrated asset-management and mobile tracking machine-to-machine (M2M) devices, communications and applications software and cloud services.
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