EXFO (NASDAQ:EXFO) Upgraded to “C-” at TheStreet

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TheStreet upgraded shares of EXFO (NASDAQ:EXFO) (TSE:EXF) from a d+ rating to a c- rating in a report issued on Tuesday morning, TheStreetRatingsTable reports.

EXFO has been the topic of several other reports. BMO Capital Markets lifted their price objective on shares of EXFO from $3.75 to $4.00 and gave the company a market perform rating in a research report on Wednesday. National Bank Financial cut their price target on EXFO from $4.00 to $3.50 and set a sector perform rating on the stock in a report on Tuesday, October 13th. TD Securities increased their price objective on EXFO from $3.50 to $4.00 and gave the stock a hold rating in a report on Wednesday. Zacks Investment Research upgraded EXFO from a sell rating to a hold rating in a research report on Wednesday. Finally, ValuEngine upgraded EXFO from a hold rating to a buy rating in a research report on Saturday, October 10th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $3.86.

Shares of NASDAQ EXFO opened at $3.75 on Tuesday. The company has a market cap of $209.15 million, a price-to-earnings ratio of -22.06 and a beta of 1.39. The stock’s 50 day simple moving average is $3.20 and its 200 day simple moving average is $3.30. The company has a current ratio of 1.31, a quick ratio of 0.97 and a debt-to-equity ratio of 0.01. EXFO has a 12-month low of $2.00 and a 12-month high of $4.32.

EXFO (NASDAQ:EXFO) (TSE:EXF) last posted its earnings results on Monday, January 11th. The communications equipment provider reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.11. EXFO had a negative return on equity of 2.17% and a negative net margin of 3.59%. As a group, equities analysts forecast that EXFO will post 0.2 earnings per share for the current fiscal year.

An institutional investor recently raised its position in EXFO stock. Connor Clark & Lunn Investment Management Ltd. boosted its position in EXFO Inc. (NASDAQ:EXFO) (TSE:EXF) by 686.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 558,831 shares of the communications equipment provider’s stock after purchasing an additional 487,731 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 1.00% of EXFO worth $1,821,000 as of its most recent SEC filing. 9.49% of the stock is currently owned by institutional investors.

EXFO Company Profile

EXFO Inc provides test, monitoring, and analytics solutions for fixed and mobile network operators, web-scale companies, and optical component and network equipment manufacturers in the communications industry. It offers field network testing products, such as copper/DSL testing, dispersion analysis, fiber inspection, light sources, live fiber detection, network protocol testing, optical fiber multimeter, optical loss testing, OTDR and iOLM, power meters, spectral testing, test function virtualization, test reporting and automation, and variable attenuators products, as well as modular test platforms.

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Analyst Recommendations for EXFO (NASDAQ:EXFO)

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