Telos (NASDAQ:TLS) PT Lowered to $2.75

Telos (NASDAQ:TLS – Get Rating) had its price objective cut by B. Riley from $5.00 to $2.75 in a research report issued to clients and investors on Friday, The Fly reports. B. Riley’s price objective points to a potential upside of 13.64% from the stock’s previous close.

Several other research analysts have also issued reports on the company. Northland Securities lowered Telos from an “outperform” rating to a “market perform” rating and set a $5.00 target price for the company. in a research report on Tuesday, January 3rd. Wedbush dropped their target price on Telos from $8.00 to $5.00 and set an “outperform” rating for the company in a research report on Friday. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Telos presently has an average rating of “Hold” and a consensus target price of $5.63.

Telos Trading Up 13.3 %

Shares of NASDAQ TLS opened at $2.42 on Friday. The business’s 50 day moving average is $4.37 and its two-hundred day moving average is $6.34. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.27 and a quick ratio of 3.19. Telos has a 1-year low of $2.03 and a 1-year high of $12.51. The stock has a market capitalization of $162.65 million, a P/E ratio of -4.10 and a beta of 0.53.

Hedge Funds Weigh In On Telos

A number of large investors have recently made changes to their positions in TLS. Swiss National Bank increased its position in shares of Telos by 8.8% in the 1st quarter. Swiss National Bank now owns 39,500 shares of the company’s stock valued at $394,000 after acquiring an additional 3,200 shares during the period. JPMorgan Chase & Co. increased its position in shares of Telos by 291.0% in the 1st quarter. JPMorgan Chase & Co. now owns 143,925 shares of the company’s stock valued at $1,435,000 after acquiring an additional 107,114 shares during the period. Bank of New York Mellon Corp increased its position in shares of Telos by 96.8% in the 1st quarter. Bank of New York Mellon Corp now owns 255,755 shares of the company’s stock valued at $2,549,000 after acquiring an additional 125,812 shares during the period. Group One Trading L.P. increased its position in shares of Telos by 131.6% in the 1st quarter. Group One Trading L.P. now owns 19,428 shares of the company’s stock valued at $194,000 after acquiring an additional 11,041 shares during the period. Finally, Citigroup Inc. increased its position in shares of Telos by 21.4% in the 1st quarter. Citigroup Inc. now owns 175,039 shares of the company’s stock valued at $1,745,000 after acquiring an additional 30,897 shares during the period. 60.44% of the stock is owned by institutional investors and hedge funds.

About Telos

(Get Rating)

Telos Corporation, together with its subsidiaries, provides information technology (IT) solutions and services worldwide. It provides Xacta, a premier platform for enterprise cyber risk management and security compliance automation solutions to large commercial and government enterprises; and Telos Ghost, a solution to eliminate cyber-attack surfaces by obfuscating and encrypting data, masking user identity and location, and hiding network resources, as well as provides security and privacy for intelligence gathering, cyber threat protection, securing critical infrastructure, and protecting communications and applications.