Pareteum Corp (TEUM) Gets a Buy Rating from Northland Securities


Northland Securities analyst Michael Latimore maintained a Buy rating on Pareteum Corp (TEUM) today and set a price target of $7.50. The company’s shares closed yesterday at $5.15.

Latimore noted:

“We met Pareteum sales leaders there, and believe Pareteum is seeing new opportunities with other CSaaS providers, distributors, enterprises and service providers.”

According to TipRanks.com, Latimore is a 5-star analyst with an average return of 16.3% and a 58.1% 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 58.6% upside from current levels. In a report issued on March 13, Craig-Hallum also maintained a Buy rating on the stock with a $8 price target.

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Based on Pareteum Corp’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $5.48 million. In comparison, last year the company had a GAAP net loss of $7.52 million.

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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.

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