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TeraGo Inc. (TGO) Gets a Hold Rating from Desjardins


TeraGo Inc. (TGO), the Technology company, was revisited by a Wall Street analyst yesterday. Analyst Maher Yaghi from Desjardins rated TeraGo Inc. (TGO) a Hold, setting a C$6.50 price target.

According to TipRanks.com, Yaghi is a 4-star analyst with an average return of 7.1% and a 73.9% success rate. Yaghi covers the Technology sector, focusing on stocks such as CGI Group, BCE Inc, and Telus.

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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.

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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.