Mitel Networks (MITL) Given Daily Media Sentiment Score of 0.10

Headlines about Mitel Networks (NASDAQ:MITL) (TSE:MNW) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mitel Networks earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the communications equipment provider an impact score of 44.8167796394147 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

MITL has been the topic of a number of recent research reports. BidaskClub cut Mitel Networks from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 12th. Zacks Investment Research upgraded Mitel Networks from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 27th. National Bank Financial increased their target price on Mitel Networks from $10.00 to $14.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $8.50 target price on shares of Mitel Networks in a report on Thursday, November 2nd. Finally, TheStreet cut Mitel Networks from a “b” rating to a “c” rating in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $11.25.

Mitel Networks (NASDAQ MITL) opened at $7.80 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.94. Mitel Networks has a 52 week low of $6.21 and a 52 week high of $9.13.

In other Mitel Networks news, insider Gregory James Hiscock sold 3,125 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $8.14, for a total transaction of $25,437.50. Following the transaction, the insider now directly owns 6,063 shares in the company, valued at approximately $49,352.82. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Peter Charbonneau sold 32,668 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $8.02, for a total value of $261,997.36. Following the transaction, the director now owns 64,943 shares in the company, valued at $520,842.86. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 567,312 shares of company stock worth $4,668,476. Company insiders own 16.50% of the company’s stock.

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Mitel Networks Company Profile

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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