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TD Securities Reaffirms Their Hold Rating on TeraGo Inc. (TGO)


TeraGo Inc. (TGO), the Technology company, has received a rating update from a Wall Street analyst today. The company received a Hold rating from TD Securities’ analyst Bentley Cross, with a C$10 price target.

According to TipRanks.com, Cross is a 2-star analyst with an average return of 4.5% and a 63.6% success rate. Cross covers the Services sector, focusing on stocks such as Altice Usa Inc, Torstar Corp, and DHX Media.

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TeraGo Inc. has an analyst consensus of Hold, with a price target consensus of C$8.50.

Based on TeraGo Inc.’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$1.49 million. In comparison, last year the company had a GAAP net loss of C$1.05 million.

TeraGo, Inc. engages in the provision of connectivity, colocation, and enterprise infrastructure cloud services. It owns and operates a carrier-grade, fixed wireless, fiber-based, Internet Protocol communication network, and cloud and colocation facilities. The company was founded on December 21, 2000 and is headquartered in Thornhill, Canada.

The company’s shares closed on Friday at C$9.93, close to its 52-week high of C$10.50.