TD Securities downgraded shares of TeraGo (TSE:TGO) from a buy rating to a hold rating in a research report report published on Friday. They currently have C$7.50 price target on the stock.

TGO has been the subject of several other reports. Desjardins reaffirmed a hold rating on shares of TeraGo in a research report on Monday, June 18th. Cormark lifted their target price on TeraGo from C$5.10 to C$6.05 in a research report on Tuesday, June 19th.

TSE TGO traded up C$0.03 during trading on Friday, hitting C$7.30. The stock had a trading volume of 6,100 shares, compared to its average volume of 75,904. TeraGo has a twelve month low of C$4.04 and a twelve month high of C$7.52.

TeraGo (TSE:TGO) last released its earnings results on Wednesday, May 9th. The company reported C($0.09) earnings per share for the quarter, missing the consensus estimate of C($0.08) by C($0.01). The firm had revenue of C$13.74 million during the quarter, compared to analyst estimates of C$13.40 million. TeraGo had a negative net margin of 29.99% and a negative return on equity of 37.10%.

About TeraGo

TeraGo Inc, together with its subsidiaries, provides connectivity, colocation, and enterprise infrastructure cloud services primarily in Canada. The company owns and operates a carrier-grade multi-protocol label switching enabled wireline and fixed wireless, Internet protocol (IP) communications network that provide Internet access, private interconnection, and data connectivity services to businesses.

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