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

Converge Technology Solutions Corp. (OTCMKTS:CTSDFGet Rating) has been assigned a consensus recommendation of “Buy” from the nine research firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $11.11.

CTSDF has been the subject of a number of research analyst reports. BMO Capital Markets initiated coverage on shares of Converge Technology Solutions in a research report on Wednesday, September 7th. They set an “outperform” rating for the company. CIBC cut their price objective on shares of Converge Technology Solutions from C$11.00 to C$7.00 in a research report on Tuesday, June 14th. National Bank Financial cut their price objective on shares of Converge Technology Solutions from C$14.00 to C$12.00 in a research report on Thursday, July 21st. Finally, Scotiabank cut their price objective on shares of Converge Technology Solutions from C$14.00 to C$11.00 in a research report on Monday, July 25th.

Converge Technology Solutions Stock Down 4.9 %

Shares of CTSDF opened at $4.46 on Wednesday. The company has a 50-day simple moving average of $4.58 and a 200-day simple moving average of $5.74. Converge Technology Solutions has a 52 week low of $3.60 and a 52 week high of $10.32.

Converge Technology Solutions Company Profile

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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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