JPMorgan Chase & Co. Lowers TeamViewer (OTCMKTS:TMVWY) Price Target to €18.00

TeamViewer (OTCMKTS:TMVWYGet Rating) had its price target decreased by JPMorgan Chase & Co. from €21.00 ($22.11) to €18.00 ($18.95) in a report issued on Thursday, The Fly reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other analysts have also recently weighed in on the company. Morgan Stanley raised their price target on TeamViewer from €15.00 ($15.79) to €15.50 ($16.32) in a research note on Friday, January 14th. DZ Bank upgraded TeamViewer from a hold rating to a buy rating in a research note on Thursday, February 3rd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, TeamViewer presently has a consensus rating of Hold and a consensus price target of $17.80.

TeamViewer stock opened at $6.52 on Thursday. TeamViewer has a 1-year low of $5.75 and a 1-year high of $21.08. The stock’s fifty day moving average is $6.98 and its two-hundred day moving average is $7.22.

TeamViewer Company Profile (Get Rating)

TeamViewer AG, together with its subsidiaries, develops and distributes remote connectivity solutions worldwide. The company offers TeamViewer, a remote access, remote control, and remote support solution that works with every desktop and mobile platform; TeamViewer Tensor, an enterprise remote connectivity cloud platform enabling organizations to deploy a large-scale IT management framework to access, support, and control any device or machine from anywhere at anytime; TeamViewer Assist AR, a remote support solution with augmented reality; and TeamViewer IoT, which enables to instantly access, control, and manage connected products from anywhere.

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