Other analysts have also recently issued research reports about the company. Oppenheimer began coverage on Pareteum in a research report on Friday, April 26th. They issued an “outperform” rating and a $7.00 price target for the company. ValuEngine raised Pareteum from a “hold” rating to a “buy” rating in a research report on Tuesday, March 19th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Pareteum currently has an average rating of “Buy” and an average price target of $7.00.
Shares of NASDAQ:TEUM traded up $0.24 on Tuesday, reaching $4.39. The company had a trading volume of 3,078,792 shares, compared to its average volume of 3,365,859. Pareteum has a twelve month low of $1.45 and a twelve month high of $5.93. The stock has a market capitalization of $482.09 million, a P/E ratio of 48.78 and a beta of 1.13.
Pareteum Company Profile
Pareteum Corporation operates a communications cloud services platform in Europe and internationally. Its platform provides mobility, messaging, and security services and applications, with a single-sign-on, application program interface (API), and software development suite. The company's platform hosts integrated IT/back office and core network functionality for mobile network operators, as well as for enterprises to implement and leverage mobile communications solutions on a Software as a Service (Saas), PaaS, or IaaS basis.
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