TeraGo (TSE:TGO) Price Target Cut to C$5.00

TeraGo (TSE:TGO – Get Rating) had its price target dropped by stock analysts at Canaccord Genuity Group from C$5.50 to C$5.00 in a note issued to investors on Friday, BayStreet.CA reports. Canaccord Genuity Group’s target price indicates a potential upside of 47.49% from the stock’s previous close.

TeraGo Trading Up 0.6 %

Shares of TSE:TGO opened at C$3.39 on Friday. TeraGo has a 52 week low of C$1.95 and a 52 week high of C$6.13. The company’s 50 day moving average is C$3.37 and its two-hundred day moving average is C$3.12. The company has a current ratio of 1.11, a quick ratio of 0.60 and a debt-to-equity ratio of 69.25. The company has a market cap of C$66.85 million, a PE ratio of -3.57, a P/E/G ratio of -1.00 and a beta of 0.47.

About TeraGo

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TeraGo Inc, together with its subsidiaries, provides connectivity, colocation, and cloud services for businesses primarily in Canada. The company owns and operates a carrier-grade multi-protocol label switching enabled wireline and fixed wireless, and Internet protocol communications network that provide Internet access, private interconnection, and data connectivity services.