Cormark Upgrades Vecima Networks (TSE:VCM) to Moderate Buy

Vecima Networks (TSE:VCM) was upgraded by analysts at Cormark from a “hold” rating to a “moderate buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Separately, Raymond James lowered their price target on shares of Vecima Networks from C$27.00 to C$20.00 in a research note on Friday, February 14th.

Vecima Networks Stock Up 4.0%

Vecima Networks stock opened at C$10.40 on Tuesday. The stock’s 50 day moving average price is C$9.91 and its 200 day moving average price is C$13.04. Vecima Networks has a 1-year low of C$8.43 and a 1-year high of C$22.50. The company has a market cap of C$249.59 million, a PE ratio of 12.61 and a beta of 0.63. The company has a debt-to-equity ratio of 22.94, a current ratio of 1.73 and a quick ratio of 0.83.

Vecima Networks Company Profile

Vecima Networks Inc engages in the development of integrated hardware and software solutions for broadband access, content delivery, and telematics. The company operates through three segments: Video and Broadband Solutions, Content Delivery and Storage, and Telematics. The Video and Broadband Solutions segment offers platforms that process data from the cable network and deliver high-speed internet connectivity to homes over cable and fiber, as well as adapt video services.