TeraGo (TGO) Stock Price Down 3.2%

TeraGo Inc. (TSE:TGO) shares fell 3.2% during trading on Wednesday . The stock traded as low as C$4.25 and last traded at C$4.49. 43,100 shares changed hands during trading, an increase of 95% from the average session volume of 22,113 shares. The stock had previously closed at C$4.35.

Several research firms have commented on TGO. TD Securities decreased their price target on shares of TeraGo from C$5.50 to C$5.00 and set a “hold” rating on the stock in a research note on Thursday, November 9th. Desjardins downgraded shares of TeraGo from a “buy” rating to a “hold” rating in a research note on Wednesday, November 8th.

The stock has a market cap of $60.27, a P/E ratio of -21.75 and a beta of 0.09.

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TeraGo Company Profile

Terago Inc, through its subsidiaries, provides businesses across Canada with data and voice communications services, data center colocation and hosting services through its approximately seven data centers, as well as cloud Infrastructure as a Service (IaaS) computing and storage solutions. With respect to its data and voice communications services, the Company owns and operates a carrier-grade, MultiProtocol Label Switching (MPLS)-enabled fixed wireless, Internet protocol (IP) communications network in Canada targeting businesses that require Internet access and data connectivity services.

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