TD Securities Lowers Sangoma Technologies (CVE:STC) Price Target to C$16.50

Sangoma Technologies (CVE:STCGet Rating) had its price objective lowered by investment analysts at TD Securities from C$17.50 to C$16.50 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 313.53% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Acumen Capital reduced their price target on shares of Sangoma Technologies from C$20.00 to C$15.00 in a research note on Wednesday, September 28th. CIBC reduced their price target on shares of Sangoma Technologies from C$6.50 to C$6.00 in a research note on Wednesday, September 28th. BMO Capital Markets dropped their price objective on shares of Sangoma Technologies from C$30.00 to C$20.00 in a report on Wednesday, September 28th. Finally, Cormark dropped their price objective on shares of Sangoma Technologies from C$25.00 to C$20.00 in a report on Monday.

Sangoma Technologies Trading Up 6.4 %

STC opened at C$3.99 on Monday. The company’s 50 day moving average is C$3.99 and its 200-day moving average is C$3.99. Sangoma Technologies has a 1-year low of C$2.53 and a 1-year high of C$5.50. The company has a current ratio of 0.97, a quick ratio of 0.69 and a debt-to-equity ratio of 23.80. The company has a market cap of C$531.28 million and a P/E ratio of 997.50.

Sangoma Technologies Company Profile

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Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a business phone system; PBXact, a phone system; Internet protocol (IP) phones; service provider and voice over Internet protocol gateways; Switchvox Cloud, a unified communications solution; SIPstation SIP Trunking, a hosted session initiation protocol trunking service; PBXact Cloud, a cloud based private branch exchange service; and FAXStation, a fax-over-IP solution.

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