Analysts are on the Bearish side about Mitel Networks Corporation (NASDAQ:MITL) this week.

June 17, 2018 - By Hazel Jackson

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Mitel Networks Corporation (NASDAQ:MITL) Ratings Coverage

Among 3 analysts covering Mitel Networks Corp (NASDAQ:MITL), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Mitel Networks Corp had 4 analyst reports since February 16, 2018 according to SRatingsIntel. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, April 24. The rating was downgraded by National Bank Canada on Wednesday, April 11 to “Hold”. On Tuesday, May 15 the stock rating was downgraded by Craig Hallum to “Hold”. As per Friday, February 16, the company rating was maintained by RBC Capital Markets. Below is a list of Mitel Networks Corporation (NASDAQ:MITL) latest ratings and price target changes.

15/05/2018 Broker: Craig Hallum Old Rating: Buy New Rating: Hold Old Target: $14 Downgrade
24/04/2018 Broker: RBC Capital Markets Rating: Hold New Target: $11.1500 Maintain
11/04/2018 Broker: National Bank Canada Rating: Hold Downgrade
16/02/2018 Broker: RBC Capital Markets Rating: Hold New Target: $9.5 Maintain

The stock decreased 0.09% or $0.01 during the last trading session, reaching $10.95. About 2.09 million shares traded. Mitel Networks Corporation (NASDAQ:MITL) has risen 60.38% since June 17, 2017 and is uptrending. It has outperformed by 47.81% the S&P500.

Mitel Networks Corporation provides business communications and collaboration software, services, and solutions in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific regions. The company has market cap of $1.34 billion. It operates through Cloud and Enterprise divisions. It currently has negative earnings. The Cloud segment offers retail cloud services, which include UCC applications, voice and data telecommunications, and desktop devices that provide hosted cloud and related services directly to the end users under the MiCloud brand name.

More important recent Mitel Networks Corporation (NASDAQ:MITL) news were published by: Globenewswire.com which released: “Mitel Appoints Maria Blakeway as Vice President of Customer Success” on June 11, 2018, also Nasdaq.com published article titled: “Report: Exploring Fundamental Drivers Behind Mitel Networks, Celestica, CoreCivic, Inc., Jazz Pharmaceuticals, Open …”, Nasdaq.com published: “Mitel Announces End of “Go-Shop” Period and Filing of Definitive Proxy Statement For Special Meeting of Shareholders” on June 08, 2018. More interesting news about Mitel Networks Corporation (NASDAQ:MITL) was released by: Nasdaq.com and their article: “Businesses Are Investing in Technology to Improve Customer Experience, but Many Are Still Falling Short of Giving …” with publication date: June 06, 2018.

Mitel Networks Corporation (NASDAQ:MITL) Ratings Chart

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