Brokerages Set Pareteum Corp (NASDAQ:TEUM) PT at $7.00

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Shares of Pareteum Corp (NASDAQ:TEUM) have earned a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $7.00.

A number of brokerages have recently commented on TEUM. BidaskClub raised Zillow Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd. Oppenheimer began coverage on Pareteum in a report on Friday, April 26th. They set an “outperform” rating and a $7.00 price target on the stock. Finally, ValuEngine raised Yara International ASA from a “sell” rating to a “hold” rating in a report on Tuesday, March 19th.

Shares of TEUM traded down $0.13 during trading hours on Thursday, reaching $3.11. 62,569 shares of the company’s stock traded hands, compared to its average volume of 4,082,475. The company has a market cap of $361.74 million, a price-to-earnings ratio of 35.00 and a beta of 0.88. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.10 and a quick ratio of 1.10. Pareteum has a twelve month low of $1.45 and a twelve month high of $5.93. The stock has a fifty day simple moving average of $3.26.

Pareteum (NASDAQ:TEUM) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.05. The company had revenue of $23.04 million for the quarter, compared to analyst estimates of $20.90 million. Pareteum had a negative return on equity of 2.62% and a negative net margin of 32.36%. On average, research analysts forecast that Pareteum will post -0.02 earnings per share for the current fiscal year.

Pareteum Company Profile

Pareteum Corporation operates a communications cloud services platform in Europe and internationally. Its platform provides mobility, messaging, and security services and applications, with a single-sign-on, application program interface (API), and software development suite. The company's platform hosts integrated IT/back office and core network functionality for mobile network operators, as well as for enterprises to implement and leverage mobile communications solutions on a Software as a Service (Saas), PaaS, or IaaS basis.

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