Montrusco Bolton Investments Inc. Invests $843000 in Mitel Networks Corp (MITL)

1st Global Advisors Inc. grew its holdings in shares of Mitel Networks by 1.4% during the second quarter.

Analysts await Mitel Networks Corporation (NASDAQ:MITL) to report earnings on February, 22. The consensus mean EPS for the current quarter is at $0.26 derived from a total of 7 estimates from the analysts who have weighed in on projected earnings. Zacks' EPS calculations are a mean average based on a survey of research analysts that follow Mitel Networks. Zacks Investment Research downgraded Mitel Networks from a "hold" rating to a "strong sell" rating in a report on Thursday, November 9th.

COPYRIGHT VIOLATION NOTICE: "Mitel Networks (MITL) Stock Rating Lowered by Zacks Investment Research" was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. They set a "buy" rating and a $14.00 price target for the company.

Craig-Hallum "Initiates Coverage On" Mitel Networks Corp (NASDAQ:MITL) in a research note issued to investors on 12/14/17 to Buy with price target of $14. Goldman Sachs upgraded the stock to "Buy" rating in Wednesday, November 16 report. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company's stock. The stock has an average rating of "Hold" and a consensus target price of $12.17. Mitel Networks Corporation (NASDAQ:MITL) has risen 10.16% since January 12, 2017 and is uptrending. About 1.06M shares traded. The company has a current ratio of 1.00, a quick ratio of 0.77 and a debt-to-equity ratio of 1.94.

Mitel Networks Corp (NASDAQ:MITL) 52-week high price stands at $9.13 and low price stands at $6.21, its price distance from 52-week high is -2.3% while its distance from 52-week low price is 43.64%. On Monday, September 25 the stock rating was maintained by RBC Capital Markets with "Hold". The shares were bought at an average cost of $8.00 per share, for a total transaction of $80,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. However the company reported $0.22 earnings per share for the same quarter during previous year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Finally, Royal Bank of Canada reissued a "hold" rating and set a $8.50 price objective on shares of Mitel Networks in a report on Thursday, November 2nd. Accern also gave headlines about the communications equipment provider an impact score of 45.6580000180022 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days. Highbridge Capital Management LLC owned approximately 0.18% of Mitel Networks Corporation at the end of the most recent reporting period. Neuberger Berman Group LLC bought a new position in Mitel Networks during the 3rd quarter valued at about $8,172,000.

Currently Mitel Networks Corp (NASDAQ:MITL)'s shares owned by insiders are 3.5%, whereas shares owned by institutional owners are 79.7%. The brokerage issued a buy rating on the communications equipment provider's stock. Francisco Partners Management Lp who had been investing in Mitel Networks Corporation for a number of months, seems to be less bullish one the $1.06 billion market cap company. OxFORD Asset Management LLP now owns 762,620 shares of the communications equipment provider's stock valued at $6,334,000 after purchasing an additional 685,592 shares during the last quarter.

According to 7 analysts Mitel Networks Corp (NASDAQ:MITL)'s price will reach at $11.57 during 52 weeks. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and worldwide copyright law. Mitel Networks Corp (NASDAQ:MITL)'s distance from 20 day simple moving average is0.063 along with distance from 50 day simple moving average of 7.88 whereas its distance from 200 day simple moving average is 8.03.

Mitel Networks Corporation is a provider of business communications and collaboration software, services and solutions. The Company operates through three segments: Enterprise, Cloud and Mobile. The Enterprise segment sells and supports products and services for premise-based customers.