Mitel Networks (NASDAQ:MITL) (TSE:MNW) had its target price boosted by Royal Bank of Canada from $8.50 to $9.50 in a report published on Friday morning. They currently have a sector perform rating on the communications equipment provider’s stock.
A number of other equities analysts have also commented on MITL. National Bank Financial boosted their price target on shares of Mitel Networks from $10.00 to $14.00 and gave the company an outperform rating in a research report on Monday, October 23rd. Zacks Investment Research lowered shares of Mitel Networks from a hold rating to a strong sell rating in a research report on Thursday, November 9th. TheStreet lowered shares of Mitel Networks from a b rating to a c rating in a research report on Tuesday, November 14th. BidaskClub lowered shares of Mitel Networks from a sell rating to a strong sell rating in a research report on Thursday, December 7th. Finally, Craig Hallum started coverage on shares of Mitel Networks in a research report on Thursday, December 14th. They issued a buy rating and a $14.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Mitel Networks has a consensus rating of Hold and a consensus target price of $12.50.
Mitel Networks (NASDAQ:MITL) opened at $9.09 on Friday. The company has a market cap of $1,090.97, a PE ratio of -4.41 and a beta of 2.59. Mitel Networks has a 12-month low of $6.21 and a 12-month high of $9.17. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.00 and a quick ratio of 0.77.
About Mitel Networks
Mitel Networks Corporation is a provider of business communications and collaboration software, services and solutions. The Company’s segments include Cloud and Enterprise. The Enterprise segment sells and supports products and services for premise-based customers. The Cloud segment sells and supports products that are deployed in a cloud environment.
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