Mitel Networks Corporation (NASDAQ:MITL) (TSE:MNW) insider Colin Ross Mcanuff sold 2,709 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $7.99, for a total transaction of $21,644.91. Following the completion of the sale, the insider now directly owns 5,000 shares of the company’s stock, valued at approximately $39,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Mitel Networks Corporation (NASDAQ:MITL) opened at $7.94 on Tuesday. The company has a quick ratio of 0.77, a current ratio of 1.00 and a debt-to-equity ratio of 1.94. Mitel Networks Corporation has a twelve month low of $6.21 and a twelve month high of $9.13.

COPYRIGHT VIOLATION NOTICE: “Mitel Networks Corporation (MITL) Insider Colin Ross Mcanuff Sells 2,709 Shares of Stock” was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/mitel-networks-corporation-mitl-insider-colin-ross-mcanuff-sells-2709-shares-of-stock/1702323.html.

MITL has been the subject of a number of research analyst reports. Zacks Investment Research downgraded shares of Mitel Networks Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, November 9th. National Bank Financial upped their price target on shares of Mitel Networks Corporation from $10.00 to $14.00 and gave the company an “outperform” rating in a report on Monday, October 23rd. Royal Bank Of Canada upped their price target on shares of Mitel Networks Corporation from $7.50 to $8.50 and gave the company a “sector perform” rating in a report on Friday, July 28th. BidaskClub downgraded shares of Mitel Networks Corporation from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 12th. Finally, TheStreet raised shares of Mitel Networks Corporation from a “c” rating to a “b-” rating in a report on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $11.25.

A number of hedge funds and other institutional investors have recently bought and sold shares of MITL. River Road Asset Management LLC acquired a new stake in Mitel Networks Corporation during the 2nd quarter worth about $26,104,000. Sentry Investments Corp. acquired a new stake in Mitel Networks Corporation during the 2nd quarter worth about $12,866,000. Paradigm Capital Management Inc. NY raised its holdings in Mitel Networks Corporation by 37.0% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,838,000 shares of the communications equipment provider’s stock worth $20,859,000 after buying an additional 766,200 shares during the period. Acadian Asset Management LLC raised its holdings in Mitel Networks Corporation by 10,459.2% during the 2nd quarter. Acadian Asset Management LLC now owns 724,147 shares of the communications equipment provider’s stock worth $5,322,000 after buying an additional 717,289 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new stake in Mitel Networks Corporation during the 3rd quarter worth about $5,761,000. Hedge funds and other institutional investors own 79.12% of the company’s stock.

Mitel Networks Corporation Company Profile

Mitel Networks Corporation is a provider of business communications and collaboration software, services and solutions. The Company’s segments include Cloud and Enterprise. 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.

Insider Buying and Selling by Quarter for Mitel Networks Corporation (NASDAQ:MITL)

Receive News & Ratings for Mitel Networks Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mitel Networks Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.