Brokerage Firm Rating Update on Mitel Networks Corporation (MITL)

Mitel Networks Corporation (MITL) : 3 brokerage houses believe that Mitel Networks Corporation (MITL) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 4 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.25.

Mitel Networks Corporation (MITL) : The consensus price target for Mitel Networks Corporation (MITL) is $11.71 for the short term with a standard deviation of $1.11. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $13, however, the pessimist price target for the company is $10.


For the current week, the company shares have a recommendation consensus of Buy.

Mitel Networks Corporation (NASDAQ:MITL): stock was range-bound between the intraday low of $7.38 and the intraday high of $7.55 after having opened at $7.52 on Wednesdays session. The stock finally closed in the red at $7.52, a loss of -1.07%. The stock remained in the red for the whole trading day. The total traded volume was 461,216 shares. The stock failed to cross $7.55 in Wednesdays trading. The stocks closing price on Thursday was $7.51.

Mitel Networks Corporation (Mitel) is a global provider of business communications and collaboration software, services and solutions. The Company operates in two segments: Premise and Cloud. The Premise segment sells and supports products and services for premise-based customers. The Cloud segment sells and supports products that are deployed in a cloud environment. Mitel offers portfolios of business communications solutions, which are known as unified communications and collaboration (UCC). It also offers cloud-based telephony services and network services in the United States and in select markets across the globe. It operates in three geographic markets: Americas, which includes the United States, Canada, the Caribbean and Latin America; EMEA, which includes the continent of Europe, the Middle East and Africa, and Asia Pacific, which includes the continent of Asia and the Pacific region, including Australia and New Zealand.

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