Zacks upgraded shares of TeleCommunication Systems (NASDAQ:TSYS) from a neutral rating to an outperform rating in a research note released on Friday morning, Stock Ratings Network reports. They currently have $3.50 target price on the stock.
Zacks has also updated their ratings on a number of other information technology stocks in the last week. The firm upgraded shares of YPF Sociedad Anonima from an underperform rating to a neutral rating. The firm now has a $16.10 price target on that stock. Also, Zacks downgraded shares of Grupo Simec S.A. De from a neutral rating to an underperform rating. Their analysts now have a $11.60 price target on that stock. Finally, Zacks downgraded shares of Information Services Group from an outperform rating to a neutral rating. Their analysts now have a $2.80 price target on that stock.
TeleCommunication Systems (NASDAQ:TSYS) traded up 2.77% on Friday, hitting $2.60. TeleCommunication Systems has a 52-week low of $1.30 and a 52-week high of $3.21. The stock’s 50-day moving average is currently $2.52. The company has a market cap of $152.0 million and a price-to-earnings ratio of 13.75.
A number of other analysts have also recently weighed in on TSYS. Analysts at Noble Financial downgraded shares of TeleCommunication Systems from a buy rating to a hold rating in a research note to investors on Friday. Analysts at Sidoti initiated coverage on shares of TeleCommunication Systems in a research note to investors on Thursday, June 20th. They set a neutral rating on the stock.
TeleCommunication Systems, Inc (NASDAQ:TSYS) develops and applies secure mobile communication technology.
To view Zacks’ full report, visit www.zacks.com
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