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Anterix (ATEX) Receives a Buy from J.P. Morgan

In a report released on November 4, Philip Cusick from J.P. Morgan maintained a Buy rating on Anterix (ATEXResearch Report), with a price target of $60.00. The company’s shares closed last Friday at $38.08.

According to TipRanks, Cusick is a 4-star analyst with an average return of 4.5% and a 55.50% success rate. Cusick covers the Technology sector, focusing on stocks such as AT&T, Lumen Technologies, and Cogent Comms.

Anterix has an analyst consensus of Moderate Buy, with a price target consensus of $66.00.

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ATEX market cap is currently $722M and has a P/E ratio of -14.85.

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Anterix, Inc., doing business as Anterix, is a wireless communications company, which engages in the spectrum assets to enable targeted critical infrastructure and enterprise customers to deploy private broadband networks, technologies, and solutions. Its products include teamconnect, pdvconnect, and diga-talk plus application. The company was founded by Peter Joel Lasensky and Richard Edward Rohmann in 1997 and is headquartered in Woodland Park, NJ.

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