FinnCap Reaffirms “Corporate” Rating for Telit Communications (TCM)

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FinnCap restated their corporate rating on shares of Telit Communications (LON:TCM) in a research report sent to investors on Tuesday morning.

TCM stock opened at GBX 153 ($1.97) on Tuesday. Telit Communications has a 1 year low of GBX 100.25 ($1.29) and a 1 year high of GBX 379 ($4.89).

In other news, insider Miriam Greenwood bought 11,500 shares of the stock in a transaction on Monday, July 16th. The stock was purchased at an average price of GBX 172 ($2.22) per share, for a total transaction of £19,780 ($25,516.00).

Telit Communications Company Profile

Telit Communications PLC, together with its subsidiaries, provides a portfolio of integrated products and services to support and enable Internet of Things (IoT) deployments in the EMEA, the APAC, and the Americas. It operates in two segments, IoT Services and IoT Products. The company develops, markets, and sells cellular, global navigation satellite systems, short range wireless modules, mobile connectivity services, and application enablement platforms to onboard edge devices to the IoT.

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