In a report issued on March 13, Michael Latimore from Northland Securities maintained a Buy rating on Pareteum Corp (TEUM), with a price target of $7.50. The company’s shares opened today at $5.70, close to its 52-week high of $5.76.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 16.0% and a 57.8% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, Everbridge Inc, and Veritone Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Pareteum Corp with a $8.17 average price target, which is a 43.3% upside from current levels. In a report issued on March 4, Maxim Group also maintained a Buy rating on the stock with a $7 price target.
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The company has a one-year high of $5.76 and a one-year low of $1.45. Currently, Pareteum Corp has an average volume of 2.17M.
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Pareteum Corp. engages in the provision of mobile networking software and services. It offers mobile proprietary Software Defined Network Architecture platforms for the telecommunications industry utilizing messaging and security capabilities for the Mobile Virtual Network Operators, Internet-of-Things markets, Mobile, and Enterprise markets.
