Converge Technology Solutions (TSE:CTS) Rating Increased to Moderate Buy at Cormark

Converge Technology Solutions (TSE:CTS) was upgraded by equities researchers at Cormark from a “hold” rating to a “moderate buy” rating in a note issued to investors on Monday,Zacks.com reports.

Other analysts have also issued research reports about the company. TD Securities cut their target price on Converge Technology Solutions from C$5.00 to C$4.50 in a research note on Wednesday, November 13th. Raymond James reduced their target price on shares of Converge Technology Solutions from C$6.50 to C$4.50 in a report on Friday, October 25th. Ventum Financial boosted their price target on shares of Converge Technology Solutions from C$5.20 to C$6.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. National Bankshares cut Converge Technology Solutions from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$6.00 to C$4.50 in a research note on Friday, October 25th. Finally, National Bank Financial lowered Converge Technology Solutions from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 24th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$5.93.

Converge Technology Solutions Trading Down 2.7 %

Shares of CTS stock opened at C$3.55 on Monday. The business has a 50-day moving average price of C$3.40 and a two-hundred day moving average price of C$3.96. Converge Technology Solutions has a 12-month low of C$2.90 and a 12-month high of C$6.06. The company has a quick ratio of 0.68, a current ratio of 1.00 and a debt-to-equity ratio of 99.08. The firm has a market cap of C$692.96 million, a P/E ratio of -4.44, a price-to-earnings-growth ratio of 0.14 and a beta of 1.81.

Converge Technology Solutions Company Profile

Converge Technology Solutions Corp. provides software-enabled IT and cloud solutions in the United States and Canada. Its solutions approach delivers advanced analytics, artificial intelligence, application modernization, cloud, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries.