Pareteum (TEUM) Earns “Buy” Rating from Northland Securities

Pareteum (NYSEAMERICAN:TEUM)‘s stock had its “buy” rating restated by equities researchers at Northland Securities in a research report issued on Friday. They presently have a $7.50 price objective on the technology company’s stock. Northland Securities’ target price suggests a potential upside of 88.44% from the company’s current price.

The analysts wrote, “We met with TEUM’s CEO, CEO of EMEA and head of sales at Barcelona this week. We believe customer activity is robust among MVNOs, enterprises and IoT providers. Cloud services and IoT were big themes at the show, and TEUM aligns perfectly with them. New credit facility provides additional flexibility for growth. Reiterating Outperform rating and $7.50 target.””

Several other equities research analysts have also commented on TEUM. Zacks Investment Research lowered shares of Pareteum from a “hold” rating to a “sell” rating in a research report on Friday, February 22nd. Lake Street Capital reiterated a “buy” rating on shares of Pareteum in a research report on Tuesday, November 13th. TheStreet lowered shares of Pareteum from a “c-” rating to a “d+” rating in a research report on Monday, December 10th. Craig Hallum began coverage on shares of Pareteum in a research report on Monday, January 28th. They issued a “buy” rating on the stock. Finally, Maxim Group began coverage on shares of Pareteum in a research report on Friday, January 11th. They issued a “buy” rating and a $7.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $5.75.

Shares of Pareteum stock traded down $0.04 on Friday, hitting $3.98. The company’s stock had a trading volume of 39,883 shares, compared to its average volume of 1,859,235. Pareteum has a 52-week low of $1.45 and a 52-week high of $4.11.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of Pareteum by 50,516.7% during the 2nd quarter. BlackRock Inc. now owns 791,139 shares of the technology company’s stock valued at $1,978,000 after buying an additional 789,576 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Pareteum by 46.5% during the 2nd quarter. Northern Trust Corp now owns 108,302 shares of the technology company’s stock valued at $271,000 after buying an additional 34,358 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Pareteum by 142.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 48,705 shares of the technology company’s stock valued at $146,000 after buying an additional 28,584 shares during the last quarter. Ahrens Investment Partners LLC purchased a new position in shares of Pareteum during the 3rd quarter valued at approximately $107,000. Finally, Vanguard Group Inc. boosted its stake in shares of Pareteum by 80.6% during the 3rd quarter. Vanguard Group Inc. now owns 2,232,888 shares of the technology company’s stock valued at $6,698,000 after buying an additional 996,618 shares during the last quarter.

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 SaaS, PaaS, or IaaS basis.

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Analyst Recommendations for Pareteum (NYSEAMERICAN:TEUM)

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