Converge Technology Solutions Corp (CTS – Research Report) has received a rating update from a Wall Street analyst yesterday. The Technology company, Converge Technology Solutions Corp (TSX: CTS) has just received a rating update from a Wall Street analyst.
According to TipRanks.com, Kaushal is ranked #709 out of 8374 analysts.
Currently, the analyst consensus on Converge Technology Solutions Corp is a Strong Buy with an average price target of C$7.40.
Converge Technology Solutions Corp’s market cap is currently C$426.1M and has a P/E ratio of 21.29.
Converge Technology Solutions Corp is a Canadian company building a platform of regionally focused Hybrid IT infrastructure providers that deliver best-of-breed solutions and services in the United States. The solutions provided include multi-cloud solutions, the blockchain, resiliency, and managed services, enabling the company to address the business and IT issues that public and private-sector organizations face. It has two reportable segments: the United States and Canada. The majority of its revenue is generated from product sales in the United States.
The company’s shares closed last Thursday at C$3.35, close to its 52-week low of C$2.68.
Read More on TSE:CTS:
- Converge Technology Solutions Reports Strong Q1 2023 Results and Declares Quarterly Cash Dividend
- Converge Technology Solutions Corp. Appoints Avjit Kamboj to Chief Financial Officer
- Converge Announces First Quarter 2023 Financial Results Conference Call Date
- Converge Technology Solutions Reports Record Q4 and FY2022
