Converge Technology Solutions Corp. (OTCMKTS:CTSDF) Receives Average Recommendation of “Buy” from Brokerages

Shares of Converge Technology Solutions Corp. (OTCMKTS:CTSDFGet Rating) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $13.38.

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

Shares of CTSDF opened at $5.16 on Thursday. The firm has a fifty day simple moving average of $7.35 and a two-hundred day simple moving average of $8.04. Converge Technology Solutions has a 1-year low of $5.14 and a 1-year high of $10.66.

Converge Technology Solutions Company Profile (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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Analyst Recommendations for Converge Technology Solutions (OTCMKTS:CTSDF)

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