Telos (NASDAQ:TLS) Reaches New 52-Week High on Analyst Upgrade
Telos Co. (NASDAQ:TLS) shares reached a new 52-week high on Wednesday after B. Riley raised their price target on the stock from $34.50 to $40.00. B. Riley currently has a buy rating on the stock. Telos traded as high as $34.15 and last traded at $32.90, with a volume of 4981 shares changing hands. The stock had previously closed at $32.34.
Other equities research analysts also recently issued reports about the stock. Wedbush initiated coverage on shares of Telos in a research note on Monday, December 14th. They issued an “outperform” rating and a $30.00 price target on the stock. Needham & Company LLC started coverage on shares of Telos in a report on Monday, December 14th. They issued a “buy” rating and a $31.00 price objective for the company. BMO Capital Markets started coverage on shares of Telos in a report on Monday, December 14th. They issued an “outperform” rating and a $24.00 price objective for the company. Northland Securities raised their price objective on shares of Telos from $26.00 to $33.00 and gave the company an “outperform” rating in a report on Wednesday, December 23rd. Finally, Colliers Securities started coverage on shares of Telos in a report on Monday, December 14th. They issued a “buy” rating and a $29.00 price objective for the company. Seven equities research analysts have rated the stock with a buy rating, Telos currently has an average rating of “Buy” and a consensus price target of $31.00.
In other news, Director John W. Maluda purchased 441 shares of the business’s stock in a transaction on Thursday, November 19th. The shares were acquired at an average price of $7,497.00 per share, with a total value of $3,306,177.00. Following the completion of the transaction, the director now owns 63,930 shares of the company’s stock, valued at approximately $479,283,210. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Telos Company Profile (NASDAQ:TLS)
Telos Corporation, together with its subsidiaries, provides information technology (IT) solutions and services worldwide. The company offers solutions that secure cyberspace, the cloud environment, and the people and operations of the enterprise. It provides Xacta, a premier solution for continuous assessment and authorization, which is used by the department of defense (DoD), intelligence communities, and civilian government, as well as by commercial businesses; enterprise cloud services, including engineering, migration, security, and managed services; and Telos Ghost, a cybersecurity solution that gives organizations an anonymous way to do business, connect with global resources, and conduct research online for intelligence gathering, cyber threat protection, securing critical infrastructure, and protecting communications and applications.
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