Sify Technologies Limited (SIFY) Gets a Buy Rating from Maxim Group


In a report released today, Allen Klee from Maxim Group maintained a Buy rating on Sify Technologies Limited (SIFY), with a price target of $4. The company’s shares opened today at $1.50.

Klee observed:

“F4Q19 revenue of $81.3M, down 7% y/y missed our estimate of $97.3M while EBITDA of $11.9M, up 11.4% y/y topped our estimate of 11.7M.”

According to TipRanks.com, Klee is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -13.2% and a 32.9% success rate. Klee covers the Technology sector, focusing on stocks such as Dolphin Entertainment Inc, ATN International, Inc., and Net 1 Ueps.

Sify Technologies Limited has an analyst consensus of Moderate Buy, with a price target consensus of $4.

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Sify Technologies Limited’s market cap is currently $232.7M and has a P/E ratio of 33.70. The company has a Price to Book ratio of 1.82.

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Sify Technologies Ltd. engages in the provision of integrated Internet, network, and electronic commerce services in India. It operates through the following segments: Telecom-centric Services, and Data Center-centric Information Technology Services.

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