Mitel Networks (NASDAQ:MITL) (TSE:MNW) had its target price raised by Royal Bank of Canada from $8.50 to $9.50 in a research note released on Friday. They currently have a sector perform rating on the communications equipment provider’s stock.
A number of other analysts have also issued reports on the company. Zacks Investment Research lowered Mitel Networks from a hold rating to a strong sell rating in a report on Thursday, November 9th. BidaskClub downgraded shares of Mitel Networks from a sell rating to a strong sell rating in a research note on Thursday, December 7th. Craig Hallum assumed coverage on shares of Mitel Networks in a research note on Thursday, December 14th. They issued a buy rating and a $14.00 price objective for the company. TheStreet downgraded shares of Mitel Networks from a b rating to a c rating in a research note on Tuesday, November 14th. Finally, National Bank Financial boosted their price objective on shares of Mitel Networks from $10.00 to $14.00 and gave the stock an outperform rating in a research note on Monday, October 23rd. Two 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 presently has a consensus rating of Hold and an average price target of $12.50.
Shares of Mitel Networks (NASDAQ MITL) opened at $9.09 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. The stock has a market capitalization of $1,090.00, a P/E ratio of -303.00 and a beta of 2.59. Mitel Networks has a twelve month low of $6.21 and a twelve month high of $9.17.
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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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