Analysts Set Pareteum Corp (TEUM) Target Price at $6.00

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Pareteum Corp (NYSEAMERICAN:TEUM) has been given a consensus rating of “Buy” by the seven ratings firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $6.00.

A number of research analysts recently commented on TEUM shares. Zacks Investment Research raised Pareteum from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th. Northland Securities started coverage on Pareteum in a research note on Thursday, December 20th. They issued an “outperform” rating on the stock. Craig Hallum started coverage on Pareteum in a research note on Monday, January 28th. They issued a “buy” rating on the stock. Finally, Maxim Group started coverage on Pareteum in a research note on Friday, January 11th. They issued a “buy” rating and a $7.00 target price on the stock.

Several hedge funds have recently added to or reduced their stakes in TEUM. Thoroughbred Financial Services LLC purchased a new position in Pareteum in the 4th quarter worth approximately $40,000. Virtu Financial LLC purchased a new position in Pareteum in the 4th quarter worth approximately $74,000. Bank of New York Mellon Corp raised its holdings in Pareteum by 142.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 48,705 shares of the technology company’s stock worth $146,000 after acquiring an additional 28,584 shares during the last quarter. Seelaus Asset Management LLC purchased a new position in Pareteum in the 4th quarter worth approximately $84,000. Finally, GSA Capital Partners LLP purchased a new position in Pareteum in the 4th quarter worth approximately $96,000.

Shares of TEUM stock opened at $4.01 on Friday. Pareteum has a 52-week low of $1.45 and a 52-week high of $5.93.

Pareteum (NYSEAMERICAN:TEUM) last issued its quarterly earnings data on Tuesday, March 12th. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. The business had revenue of $14.31 million during the quarter, compared to analysts’ expectations of $13.40 million.

About Pareteum

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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Analyst Recommendations for Pareteum (NYSEAMERICAN:TEUM)

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