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TeraGo Inc. has an analyst consensus of Hold, with a price target consensus of C$8.25, representing a -16.9% downside. In a report released yesterday, TD Securities also maintained a Hold rating on the stock with a C$10 price target.
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.