Could Evertz Technologies Limited Lose Strenght? The Stock Increases A Lot Today

 Could Evertz Technologies Limited Lose Strenght? The Stock Increases A Lot Today

The stock of Evertz Technologies Limited (TSE:ET) is a huge mover today! About 38,243 shares traded hands or 104.61% up from the average. Evertz Technologies Limited (TSE:ET) has declined 7.01% since April 27, 2016 and is downtrending. It has underperformed by 12.94% the S&P500.
The move comes after 8 months positive chart setup for the $1.31B company. It was reported on Dec, 1 by Barchart.com. We have $18.93 PT which if reached, will make TSE:ET worth $117.90M 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 19.92% above today’s ($17.37) stock price. Evertz Technologies Limited has been the topic of 8 analyst reports since September 9, 2015 according to StockzIntelligence Inc. BMO Capital Markets maintained it with “Outperform” rating and $20 target price in Monday, June 6 report. RBC Capital Markets maintained Evertz Technologies Limited (TSE:ET) rating on Wednesday, September 7. RBC Capital Markets has “Outperform” rating and $22 price target.

More notable recent Evertz Technologies Limited (TSE:ET) news were published by: Marketwired.com which released: “Evertz Technologies reports results for the Second Quarter Ended October 31 …” on December 01, 2016, also Marketwired.com with their article: “Evertz Technologies Limited to Announce Second Quarter Fiscal Year 2017 …” published on November 15, 2016, Marketwired.com published: “Evertz Technologies Reports Record Revenue of $101 Million for the Second …” on December 02, 2015. More interesting news about Evertz Technologies Limited (TSE:ET) were released by: Marketwired.com and their article: “Evertz Technologies Reports Revenue of $100 Million for the Third Quarter …” published on March 02, 2016 as well as Marketwired.com‘s news article titled: “Evertz Technologies Third Quarter Fiscal 2014 Revenue Up 30%” with publication date: March 04, 2014.

Evertz Technologies Limited is an equipment well-known provider to the television broadcast telecommunications and media industries. The company has a market cap of $1.31 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 18.42 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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