Pareteum Corp (NYSEAMERICAN:TEUM) has received a consensus rating of “Buy” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $6.60.

TEUM has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Pareteum from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th. CIBC started coverage on shares of Pareteum in a research note on Friday, April 26th. They issued an “outperform” rating and a $7.00 target price on the stock. Craig Hallum started coverage on shares of Pareteum in a research note on Monday, January 28th. They issued a “buy” rating on the stock. Oppenheimer started coverage on shares of Pareteum in a research note on Friday, April 26th. They issued an “outperform” rating and a $7.00 target price on the stock. Finally, Northland Securities restated a “buy” rating and issued a $8.50 target price on shares of Pareteum in a research note on Wednesday, May 8th.

Several large investors have recently modified their holdings of TEUM. Bank of New York Mellon Corp boosted its stake in shares of Pareteum by 142.1% in 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 purchasing an additional 28,584 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Pareteum by 4.8% in the third quarter. BlackRock Inc. now owns 828,925 shares of the technology company’s stock valued at $2,487,000 after buying an additional 37,786 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Pareteum by 80.6% in the third 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. Vanguard Group Inc raised its holdings in shares of Pareteum by 80.6% in the third 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. Finally, Virtu Financial LLC bought a new position in shares of Pareteum in the fourth quarter valued at about $74,000.

TEUM traded up $0.09 during trading on Wednesday, reaching $4.48. 3,797,542 shares of the company’s stock were exchanged, compared to its average volume of 3,370,778. Pareteum has a fifty-two week low of $1.45 and a fifty-two week high of $5.93.

Pareteum (NYSEAMERICAN:TEUM) last posted its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.02. The business had revenue of $23.04 million for the quarter, compared to analyst estimates of $20.90 million.

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 SaaS, PaaS, or IaaS basis.

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Analyst Recommendations for Pareteum (NYSEAMERICAN:TEUM)

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