Scotiabank Upgrades Open Text (TSE:OTC) to Strong-Buy

Open Text (TSE:OTCGet Free Report) was upgraded by equities research analysts at Scotiabank from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

A number of other equities analysts also recently issued reports on OTC. Jefferies Financial Group downgraded shares of Open Text from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 12th. National Bank Financial raised shares of Open Text from a “hold” rating to a “strong-buy” rating in a report on Sunday, September 14th. Two analysts have rated the stock with a Strong Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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About Open Text

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Ocumetics Technology Corp is a research and product development company that specializes in adaptive lens designs. It is in the pre-clinical stage of a game-changing technology for the ophthalmic industry – the Bionic Lens. The Bionic Lens is an expandable intraocular lens that fits within the natural lens compartment of the eye to completely eliminate the need for corrective lenses.

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