Teligent, Inc. (NASDAQ:TLGT) has been given an average rating of “Hold” by the six research firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $9.33.
A number of research analysts have recently issued reports on TLGT shares. Canaccord Genuity began coverage on Teligent in a report on Monday, July 31st. They set a “buy” rating and a $11.00 price target on the stock. Roth Capital set a $9.00 target price on Teligent and gave the company a “buy” rating in a report on Wednesday, August 9th. Deutsche Bank AG lowered their target price on Teligent from $9.00 to $8.00 and set a “hold” rating on the stock in a report on Monday, August 14th. ValuEngine downgraded Teligent from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, BidaskClub downgraded Teligent from a “hold” rating to a “sell” rating in a report on Monday, July 24th.
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Several large investors have recently added to or reduced their stakes in the stock. Argent Capital Management LLC purchased a new stake in shares of Teligent during the second quarter worth about $3,590,000. State Street Corp grew its holdings in Teligent by 13.2% during the 2nd quarter. State Street Corp now owns 772,822 shares of the company’s stock valued at $7,072,000 after buying an additional 90,287 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Teligent during the 2nd quarter valued at approximately $51,431,000. Stifel Financial Corp purchased a new position in Teligent during the 2nd quarter valued at approximately $6,876,000. Finally, Voya Investment Management LLC grew its holdings in Teligent by 16.1% during the 2nd quarter. Voya Investment Management LLC now owns 23,342 shares of the company’s stock valued at $214,000 after buying an additional 3,234 shares in the last quarter. Hedge funds and other institutional investors own 65.96% of the company’s stock.
Teligent (NASDAQ:TLGT) opened at 6.90 on Tuesday. The firm’s 50-day moving average price is $6.91 and its 200 day moving average price is $6.90. Teligent has a 52 week low of $5.75 and a 52 week high of $7.99. The company’s market capitalization is $368.40 million.
Teligent (NASDAQ:TLGT) last announced its quarterly earnings results on Tuesday, August 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The business had revenue of $18.40 million for the quarter, compared to the consensus estimate of $20.11 million. Teligent had a negative net margin of 11.36% and a positive return on equity of 1.49%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 earnings per share. Equities research analysts expect that Teligent will post $0.07 earnings per share for the current fiscal year.
Teligent Company Profile
Teligent, Inc is a specialty generic pharmaceutical company. Under the Company’s own label, it markets and sells generic injectable pharmaceutical products in the United States and Canada. In the United States it marketed 16 generic topical pharmaceutical products and four branded generic pharmaceutical products, as of December 31, 2016.
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