Mitel Networks Corporation (MITL) stock price rose 70.6 percent over the past one year, while increased 38.56 percent during the past 6 months. The company posted an earnings surprise of 50%. Mitel Networks has a 52-week low of $6.36 and a 52-week high of $11.31. The mean target projections are based on 6 opinions. On Friday, July 22 the stock rating was maintained by RBC Capital Markets with "Sector Perform". The company's price to sales ratio for trailing twelve months is 1.17 and price to book ratio for most recent quarter is 3.70, whereas price to cash per share for the most recent quarter is 31.15. After the giving short look at one day return of Mitel Networks Corporation it is observed that MITL reported down return of -0.54% in last trading session. A total number of 4 analysts provided estimations over revenues. Shares are clocking price at $26.00 with change of -0.76%.
A number of research analysts recently commented on MITL shares.
Analysts on average have given a price target of $12.61 to Mitel Networks Corporation (MITL) stock.
Productivity proportions: Investigating the productivity proportions of Mitel Networks Corporation, (NASDAQ: MITL) stock, the speculator will discover its ROE, ROA, ROI remaining at -14.6%, -3.3% and -3.3%, individually. ValuEngine raised Mitel Networks from a "hold" rating to a "buy" rating in a report on Monday, April 2nd. Zacks Investment Research cut Mitel Networks from a "hold" rating to a "sell" rating in a research report on Thursday, January 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. The stock closing price is now trading upward to its 50 day moving average with change of 11.79%, escalated to its 20 day moving average with figure of 1.16% and above its 200 day moving average with value 26.58%.
In related news, Chairman Terence H. Matthews sold 146,792 shares of the firm's stock in a transaction on Friday, March 2nd. Tracking the sectors that are poised for growth may help give the investor a good idea for the types of stocks they may want to add to the portfolio as we get closer to the end of the current calendar year. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Information in this release is fact checked and produced by competent editors of Alpha Beta Stock; however, human error can exist. The disclosure for this sale can be found here. Over the last three months, the shares of the company have changed 32.93% and performed 37.58% over the last six months.
Hedge funds have recently bought and sold shares of the business. Similar statistics are true for the second largest owner, Elliott Associates, L.P., which owns 8,380,839 shares of the stock are valued at $93.36 million.
Mitel Networks Corporation (NasdaqGS:MITL) presently has a current ratio of 1.06. Wells Fargo & Company MN now owns 841,611 shares of the communications equipment provider's stock valued at $7,810,000 after purchasing an additional 823,185 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Mitel Networks by 148.0% in the third quarter. Lazard Asset Management LLC now owns 514,604 shares of the communications equipment provider's stock worth $4,235,000 after acquiring an additional 459,653 shares in the last quarter. Inc. acquired a new stake in Mitel Networks during the fourth quarter worth $253,000. The Technology stock showed a change of -0.99% from opening and finally closed at $11.02 by scoring -1.08%. The company's stock had a trading volume of 2,362,302 shares, compared to its average volume of 3,634,223. More supreme high and low levels-80 and 20, or 90 and 10-occur less frequently but indicate stronger momentum.
According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.1 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. Total debt to equity ratio of the company for most recent quarter is 1.68 whereas long term debt to equity ratio for most recent quarter is 1.63. This buyback authorization permits the communications equipment provider to reacquire shares of its stock through open market purchases. They might also be studying how the company is run, and trying to figure out the true value of the firm.
The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E. Mitel Networks Corp (NASDAQ:MITL) has a current PEG of 0. It operates in two divisions, Enterprise and Cloud.Currently it has negative earnings. The Enterprise segment sells and supports services and products for premise customers, including its premise IP and TDM telephony platforms; desktop devices, and unified communications and collaborations; and contact center applications that are deployed on the customer's premise under the MiVoice brand.
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