Open Text Corp. (TSE:OTC) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Open Text Corp. (TSE:OTC) have been given a consensus rating of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company.

OTC has been the topic of a number of recent analyst reports. Scotiabank upgraded shares of Open Text from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 24th. National Bank Financial upgraded shares of Open Text from a “hold” rating to a “strong-buy” rating in a research note on Sunday, September 14th. TD Securities upgraded Open Text to a “hold” rating in a research report on Friday, October 3rd. Finally, Jefferies Financial Group downgraded Open Text from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 12th.

Open Text Stock Performance

Open Text Company Profile

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.