TeraGo Inc. (TGO) Price Target Cut to C$6.00
TeraGo Inc. (TSE:TGO) had its target price reduced by equities researchers at TD Securities from C$7.00 to C$6.00 in a report issued on Monday. The firm presently has a “buy” rating on the stock. TD Securities’ price target suggests a potential upside of 39.86% from the stock’s previous close.
TeraGo (TSE:TGO) opened at 4.29 on Monday. The company’s market cap is $60.87 million. The stock’s 50 day moving average price is $4.78 and its 200-day moving average price is $5.13. TeraGo has a 52 week low of $4.20 and a 52 week high of $5.99.
TeraGo Inc, through its subsidiaries, provides businesses across Canada with data and voice communications services, data center colocation and hosting services through its approximately seven data centers, as well as cloud Infrastructure as a Service (IaaS) computing and storage solutions. With respect to its data and voice communications services, the Company owns and operates a carrier-grade, MultiProtocol Label Switching (MPLS)-enabled fixed wireless, Internet protocol (IP) communications network in Canada targeting businesses that require Internet access and data connectivity services.
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