Converge Technology Solutions Corp. (OTCMKTS:CTSDF) Receives Consensus Rating of “Buy” from Analysts

Converge Technology Solutions Corp. (OTCMKTS:CTSDFGet Rating) has been assigned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $12.38.

CTSDF has been the subject of several recent research reports. TD Securities decreased their price objective on Converge Technology Solutions from C$12.00 to C$8.50 in a report on Thursday, May 12th. National Bank Financial began coverage on shares of Converge Technology Solutions in a report on Tuesday, April 26th. They issued an “outperform” rating for the company. Finally, Canaccord Genuity Group reduced their target price on shares of Converge Technology Solutions from C$14.50 to C$12.00 in a report on Thursday, May 12th.

OTCMKTS:CTSDF opened at $5.78 on Monday. Converge Technology Solutions has a twelve month low of $4.54 and a twelve month high of $10.66. The stock has a fifty day simple moving average of $6.57 and a 200-day simple moving average of $7.55.

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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