Barclays Thinks Avaya Holdings Corp’s Stock is Going to Recover


Barclays analyst Raimo Lenschow maintained a Buy rating on Avaya Holdings Corp (AVYA) on July 16 and set a price target of $16. The company’s shares closed yesterday at $10.68, close to its 52-week low of $10.55.

According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 21.9% and a 76.4% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Slack Technologies Inc, and Cornerstone Ondemand.

Avaya Holdings Corp has an analyst consensus of Strong Buy, with a price target consensus of $17.75.

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Avaya Holdings Corp’s market cap is currently $1.18B and has a P/E ratio of 6.81. The company has a Price to Book ratio of 0.55.

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Avaya Holdings Corp. is a global business communications company, which engages in the provision of business collaboration and communication solutions. It operates through the Global Communications Solutions (GCS) and Avaya Global Services (AGS) segments. The GCS segment develops, markets, and sells contact center and unified communications products.

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