Open Text Corp. (TSE:OTC) Receives Consensus Rating of “Moderate Buy” from Brokerages

Open Text Corp. (TSE:OTC) has received a consensus rating of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and two have assigned a strong buy recommendation to the company.

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

Open Text Stock Performance

About Open Text

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.