Barclays Reiterates “€2.70” Price Target for Tele Columbus (TC1)
Barclays set a €2.70 ($3.14) price target on Tele Columbus (ETR:TC1) in a research note issued to investors on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other equities research analysts have also recently issued reports on TC1. Hauck & Aufhaeuser set a €1.65 ($1.92) target price on Tele Columbus and gave the stock a neutral rating in a research note on Thursday, April 4th. Goldman Sachs Group set a €2.80 ($3.26) target price on Tele Columbus and gave the stock a neutral rating in a research note on Monday, January 7th. JPMorgan Chase & Co. set a €3.00 ($3.49) target price on Tele Columbus and gave the stock a neutral rating in a research note on Friday, February 8th. Finally, Commerzbank set a €1.60 ($1.86) target price on Tele Columbus and gave the stock a sell rating in a research note on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of €3.15 ($3.66).
TC1 stock opened at €1.91 ($2.22) on Wednesday. The company has a quick ratio of 0.69, a current ratio of 0.76 and a debt-to-equity ratio of 399.18. The firm has a market cap of $228.18 million and a price-to-earnings ratio of -6.51. Tele Columbus has a 52-week low of €1.48 ($1.72) and a 52-week high of €8.22 ($9.56).
Tele Columbus AG, together with its subsidiaries, operates broadband cable networks in Germany. The company operates through two segments, TV, and Internet and Telephony. The TV segment offers analogue, digital TV, and radio services, as well as premium TV packages that comprise approximately 75 additional digital TV programs.
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