What’s in Evertz Technologies Limited After Today’s Huge Increase?

 What's in Evertz Technologies Limited After Today's Huge Increase?

The stock of Evertz Technologies Limited (TSE:ET) is a huge mover today! About 13,182 shares traded hands. Evertz Technologies Limited (TSE:ET) has declined 3.55% since March 29, 2016 and is downtrending. It has underperformed by 6.07% the S&P500.
The move comes after 9 months positive chart setup for the $1.24B company. It was reported on Nov, 2 by Barchart.com. We have $20.34 PT which if reached, will make TSE:ET worth $285.20 million more.

Evertz Technologies Limited (TSE:ET) Ratings Coverage

Out of 3 analysts covering Evertz Technologies Limited (TSE:ET), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $22 is the highest target while $18.50 is the lowest. The $20.83 average target is 25.94% above today’s ($16.54) stock price. Evertz Technologies Limited has been the topic of 8 analyst reports since September 9, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by RBC Capital Markets on Wednesday, September 7. The rating was maintained by BMO Capital Markets on Monday, June 6 with “Outperform”.

More notable recent Evertz Technologies Limited (TSE:ET) news were published by: Marketwired.com which released: “Evertz Technologies Reports Revenue of $100 Million for the Third Quarter …” on March 02, 2016, also Marketwired.com with their article: “Evertz Technologies Reports Results for the Third Quarter Ended January 31, 2015” published on March 04, 2015, Theglobeandmail.com published: “Small-cap video stock poised for global exposure” on April 15, 2014. More interesting news about Evertz Technologies Limited (TSE:ET) were released by: Marketwired.com and their article: “Evertz Technologies Third Quarter Fiscal 2014 Revenue Up 30%” published on March 04, 2014 as well as Nasdaq.com‘s news article titled: “Why Evertz Technologies Is a Top 25 Dividend Stock (ET)” with publication date: December 04, 2013.

Evertz Technologies Limited is an equipment well-known provider to the television broadcast telecommunications and media industries. The company has a market cap of $1.24 billion. The Firm designs, makes and markets video and audio infrastructure equipment for the production, post-production and transmission of television content. It has a 17.54 P/E ratio. The Company’s solutions are purchased by content creators, broadcasters, specialty channels and television service providers to support their multi-channel digital and high definition television and high bandwidth low latency Internet Protocol (IP) network environments, and by telecommunications and new-media companies.

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