Shares of Pareteum Corp (NASDAQ:TEUM) reached a new 52-week high during trading on Monday . The company traded as high as $3.75 and last traded at $3.73, with a volume of 7831499 shares trading hands. The stock had previously closed at $3.19.
A number of equities analysts recently weighed in on TEUM shares. Northland Securities started coverage on shares of Pareteum in a research note on Thursday, December 20th. They issued an “outperform” rating for the company. Maxim Group started coverage on shares of Pareteum in a research note on Friday, January 11th. They issued a “buy” rating and a $7.00 target price for the company. Dawson James reaffirmed a “buy” rating on shares of Pareteum in a research note on Thursday, October 25th. Finally, ValuEngine raised shares of Pareteum from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Pareteum has an average rating of “Buy” and an average price target of $7.00.
The company has a market cap of $364.99 million, a PE ratio of -4.44 and a beta of 0.80.
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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 SaaS, PaaS, or IaaS basis.
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