Pareteum (NASDAQ:TEUM) Downgraded by BidaskClub

BidaskClub cut shares of Pareteum (NASDAQ:TEUM) from a buy rating to a hold rating in a report released on Wednesday, BidAskClub reports.

A number of other brokerages also recently weighed in on TEUM. Oppenheimer initiated coverage on Pareteum in a report on Friday, April 26th. They set an outperform rating and a $7.00 price target for the company. ValuEngine downgraded Pareteum from a hold rating to a sell rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Pareteum currently has an average rating of Buy and a consensus target price of $7.00.

NASDAQ TEUM opened at $3.06 on Wednesday. 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 $3.08 and a 200 day simple moving average of $3.74. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.10 and a current ratio of 1.17.

About Pareteum

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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