Published On: Wed, Oct 19th, 2016

Mitel Networks Corporation (NASDAQ:MITL) – Broker Update

Below are the most recently updated broker updates which include ratings and price targets for Mitel Networks Corporation (NASDAQ:MITL).

09/27/2016 – Broker: National Bank Financial Rating: outperform New Target: 10.5 newcoverage

05/07/2016 – Broker: RBC Capital Rating: outperform New Target: 13 reiteration

12/03/2015 – Broker: CIBC Rating: sector outperform New Target: 12.5 reiteration

11/05/2015 – Broker: Canaccord Genuity Rating: buy New Target: 11 reiteration

02/23/2015 – Broker: Zacks Rating: neutral New Target: 11 upgrade

01/15/2014 – Broker: Sidoti Rating: buy newcoverage

12/04/2013 – Broker: Bank of America Merrill Lynch Rating: New Target: 11 reiteration

The average price target from the most recent broker reports is 11.50

The stock increased +0.59% (+0.04) during the last days session, reaching 6.84 and roughly 176349 shares were bought or sold by traders. Mitel Networks Corporation (NASDAQ:MITL) has decreased by -14.93% over 12 months.

Mitel Networks Corporation is a provider of business communications and collaboration software, services and solutions. The Company operates through three segments: Enterprise, Cloud and Mobile. The Enterprise segment sells and supports products and services for premise-based customers. The Cloud segment sells and supports products that are deployed in a cloud environment. The Mobile segment sells and supports software-based telecommunications networking solutions that enable mobile service providers to deliver IP-based voice, video, rich communications and enhanced messaging services to their subscribers. The Company’s product portfolio includes premises and cloud-based enterprise communications infrastructure products and solutions, unified communications and collaboration (UCC) and contact center applications and a range of service offerings.