BMO Capital Markets Forecasts Strong Price Appreciation for Telos (NASDAQ:TLS) Stock

Telos (NASDAQ:TLS) had its price objective hoisted by analysts at BMO Capital Markets from $3.00 to $4.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 28.57% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Needham & Company LLC reiterated a “hold” rating on shares of Telos in a research report on Monday, August 12th. DA Davidson cut their target price on shares of Telos from $3.50 to $2.50 and set a “neutral” rating for the company in a report on Monday, August 12th. Finally, B. Riley reissued a “buy” rating and set a $5.00 price target on shares of Telos in a report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $4.80.

Telos Stock Performance

NASDAQ TLS opened at $3.50 on Wednesday. The firm has a market capitalization of $252.90 million, a P/E ratio of -5.00 and a beta of 0.96. The stock has a 50-day simple moving average of $3.61 and a two-hundred day simple moving average of $3.69. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.70 and a current ratio of 4.76. Telos has a fifty-two week low of $1.89 and a fifty-two week high of $5.03.

Institutional Trading of Telos

Institutional investors have recently made changes to their positions in the company. US Bancorp DE acquired a new position in Telos in the 3rd quarter valued at $39,000. Intech Investment Management LLC acquired a new stake in shares of Telos in the third quarter valued at about $49,000. SG Americas Securities LLC purchased a new position in shares of Telos in the first quarter worth about $58,000. Lazard Asset Management LLC acquired a new position in Telos during the first quarter worth about $58,000. Finally, OneDigital Investment Advisors LLC grew its stake in Telos by 26.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 25,300 shares of the company’s stock valued at $91,000 after acquiring an additional 5,300 shares in the last quarter. 62.14% of the stock is owned by institutional investors and hedge funds.

Telos Company Profile

Telos Corporation, together with its subsidiaries, provides cyber, cloud, and enterprise security solutions worldwide. The company operates in two segments, Security Solutions and Secure Networks. It provides Xacta, a platform for enterprise cyber risk management and security compliance automation; and consulting, assessment and compliance, engineering and evaluation, operations, and penetration testing services.