TD Securities upgraded shares of Sangoma Technologies (CVE:STC – Free Report) from a hold rating to a buy rating in a research note issued to investors on Friday, BayStreet.CA reports. They currently have C$6.50 price target on the stock, up from their previous price target of C$5.50.
A number of other research analysts have also recently issued reports on STC. Cormark cut their price target on Sangoma Technologies from C$11.50 to C$10.50 in a report on Thursday, November 9th. Acumen Capital lifted their price target on Sangoma Technologies from C$7.00 to C$7.50 in a report on Friday.
Sangoma Technologies Stock Up 6.4 %
Insider Buying and Selling at Sangoma Technologies
In other Sangoma Technologies news, Director Marc Lederman bought 10,000 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were bought at an average cost of C$4.17 per share, for a total transaction of C$41,727.00.
About Sangoma Technologies
Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a business phone system; PBXact, a phone system; Internet protocol (IP) phones; service provider and voice over Internet protocol gateways; Switchvox Cloud, a unified communications solution; SIPstation SIP Trunking, a hosted session initiation protocol trunking service; PBXact Cloud, a cloud based private branch exchange service; and FAXStation, a fax-over-IP solution.
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