Redknee Solutions Inc (RKN) Rating Increased to Sector Perform at Royal Bank Of Canada
Royal Bank Of Canada upgraded shares of Redknee Solutions Inc (TSE:RKN) from an underperform rating to a sector perform rating in a research report released on Wednesday. Royal Bank Of Canada currently has C$0.75 price objective on the stock.
A number of other equities analysts have also recently issued reports on the company. Raymond James Financial, Inc. cut their price target on Redknee Solutions from C$1.65 to C$1.20 and set an outperform rating on the stock in a report on Monday, June 12th. CIBC cut Redknee Solutions from an outperform rating to a neutral rating and cut their price target for the stock from C$3.50 to C$0.85 in a report on Wednesday, May 31st.
Redknee Solutions (TSE RKN) opened at 0.69 on Wednesday. The company’s market cap is $74.88 million. The company’s 50-day moving average is $0.78 and its 200 day moving average is $0.95. Redknee Solutions has a 1-year low of $0.67 and a 1-year high of $2.54.
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In other Redknee Solutions news, insider Vishal Kothari sold 50,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of C$0.75, for a total transaction of C$37,500.00.
Redknee Solutions Company Profile
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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