Pareteum (TEUM) Trading 5.4% Higher

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Shares of Pareteum Corp (NYSEAMERICAN:TEUM) traded up 5.4% during trading on Wednesday . The company traded as high as $5.04 and last traded at $4.89. 5,419,559 shares changed hands during mid-day trading, an increase of 82% from the average session volume of 2,975,340 shares. The stock had previously closed at $4.64.

Several brokerages have commented on TEUM. Zacks Investment Research cut shares of Pareteum from a “hold” rating to a “sell” rating in a research note on Friday, February 22nd. Maxim Group restated a “buy” rating and set a $7.00 price objective on shares of Pareteum in a research note on Monday, March 4th. Northland Securities restated a “buy” rating and set a $7.50 price objective on shares of Pareteum in a research note on Friday, March 1st. Craig Hallum began coverage on shares of Pareteum in a research note on Monday, January 28th. They set a “buy” rating for the company. Finally, TheStreet cut shares of Pareteum from a “c-” rating to a “d+” rating in a research note on Monday, December 10th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $5.75.

Pareteum (NYSEAMERICAN:TEUM) last announced its quarterly earnings data on Tuesday, March 12th. The technology company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.03. The business had revenue of $14.31 million for the quarter, compared to analyst estimates of $13.40 million.

Several institutional investors and hedge funds have recently bought and sold shares of TEUM. Thoroughbred Financial Services LLC acquired a new position in shares of Pareteum in the 4th quarter valued at $40,000. Virtu Financial LLC acquired a new position in shares of Pareteum in the 4th quarter valued at $74,000. Seelaus Asset Management LLC purchased a new stake in Pareteum in the 4th quarter worth $84,000. GSA Capital Partners LLP purchased a new stake in Pareteum in the 4th quarter worth $96,000. Finally, Bank of New York Mellon Corp increased its holdings in Pareteum by 142.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 48,705 shares of the technology company’s stock worth $146,000 after acquiring an additional 28,584 shares in the last quarter.

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Pareteum Company Profile (NYSEAMERICAN:TEUM)

Pareteum Corporation operates a communications cloud services platform in Europe and internationally. Its platform provides mobility, messaging, and security services and applications, with a single-sign-on, application program interface (API), and software development suite. The company's platform hosts integrated IT/back office and core network functionality for mobile network operators, as well as for enterprises to implement and leverage mobile communications solutions on a SaaS, PaaS, or IaaS basis.

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