Pareteum Corp (NASDAQ:TEUM) Receives $7.00 Consensus PT from Analysts

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Shares of Pareteum Corp (NASDAQ:TEUM) have earned an average rating of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $7.00.

TEUM has been the topic of several research analyst reports. ValuEngine downgraded shares of Pareteum from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. BidaskClub downgraded shares of Pareteum from a “hold” rating to a “sell” rating in a research note on Saturday, August 31st.

Shares of Pareteum stock opened at $1.84 on Tuesday. The company’s fifty day simple moving average is $2.62 and its 200-day simple moving average is $3.56. The company has a market cap of $224.93 million, a price-to-earnings ratio of 20.44 and a beta of 1.00. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.14. Pareteum has a 1 year low of $1.45 and a 1 year high of $5.93.

Pareteum (NASDAQ:TEUM) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.02. The business had revenue of $34.15 million for the quarter, compared to the consensus estimate of $27.31 million. Pareteum had a negative net margin of 23.68% and a negative return on equity of 1.66%. As a group, research analysts forecast that Pareteum will post -0.02 earnings per share for the current fiscal year.

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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