Converge Technology Solutions Corp. (OTCMKTS:CTSDF) Given Average Rating of “Buy” by Analysts

Converge Technology Solutions Corp. (OTCMKTS:CTSDF – Get Rating) has received an average rating of “Buy” from the nine brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $13.38.

A number of equities research analysts have recently commented on the company. Desjardins lifted their price objective on Converge Technology Solutions from C$13.75 to C$14.25 in a research report on Wednesday, January 12th. Canaccord Genuity Group boosted their price target on Converge Technology Solutions from C$14.00 to C$14.50 in a research report on Monday, April 4th. TD Securities lowered their price target on Converge Technology Solutions from C$13.00 to C$12.00 in a research report on Friday, March 25th. Finally, National Bank Financial started coverage on Converge Technology Solutions in a research report on Tuesday, April 26th. They set an “outperform” rating for the company.

Shares of OTCMKTS:CTSDF opened at $5.16 on Thursday. Converge Technology Solutions has a 52 week low of $5.14 and a 52 week high of $10.66. The business has a fifty day simple moving average of $7.35 and a 200-day simple moving average of $8.04.

About Converge Technology Solutions (Get Rating)

Converge Technology Solutions Corp., through its subsidiaries, distributes storage devices and systems, computer products, software, and peripherals. The company also provides installation and maintenance; analytics, hybrid cloud, infrastructure, and cybersecurity services; cloud delivery, compute efficiency, network optimization, and IT spend optimization solutions; and IT professional services, such as data center infrastructure integration and solutioning, and cloud optimization.

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