Zedcor (CVE:ZDC) Raised to “Moderate Buy” at Desjardins

Zedcor (CVE:ZDC) was upgraded by investment analysts at Desjardins to a “moderate buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other research firms have also commented on ZDC. Stifel Nicolaus set a C$7.00 price target on shares of Zedcor and gave the company a “buy” rating in a research report on Wednesday, August 20th. Stifel Canada upgraded shares of Zedcor to a “strong-buy” rating in a research report on Tuesday, August 19th. National Bankshares increased their price target on shares of Zedcor from C$5.50 to C$7.50 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Finally, Canaccord Genuity Group increased their price target on shares of Zedcor from C$5.25 to C$7.00 in a research report on Friday, October 17th. Three analysts have rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. Based on data from MarketBeat.com, Zedcor presently has an average rating of “Buy” and an average target price of C$6.17.

Zedcor Stock Up 1.4%

ZDC stock opened at C$6.34 on Wednesday. The company’s 50 day simple moving average is C$4.88 and its 200-day simple moving average is C$4.05. The firm has a market capitalization of C$667.35 million, a PE ratio of 317.00 and a beta of 1.17. Zedcor has a 12 month low of C$2.47 and a 12 month high of C$6.57. The company has a debt-to-equity ratio of 78.93, a current ratio of 1.14 and a quick ratio of 0.87.

Zedcor Company Profile

Zedcor Inc provides technology-based security and surveillance services in Canada. It engages in the provision of rental, service, and remote monitoring of its proprietary MobileyeZ security towers; surveillance and monitoring of fixed site locations; and security personnel. The company also engages in mobile and fixed surveillance, security guards, access control, and sensor related technology services.