Telos Co. (NASDAQ:TLS) reached a new 52-week high on Wednesday after B. Riley raised their price target on the stock from $34.50 to $40.00. B. Riley currently has a buy rating on the stock. Telos traded as high as $34.15 and last traded at $32.90, with a volume of 4981 shares trading hands. The stock had previously closed at $32.34.
Several other equities research analysts have also weighed in on TLS. BMO Capital Markets began coverage on Telos in a research note on Monday, December 14th. They issued an “outperform” rating and a $24.00 price objective on the stock. Northland Securities upped their price target on Telos from $26.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, December 23rd. Colliers Securities began coverage on Telos in a research report on Monday, December 14th. They issued a “buy” rating and a $29.00 price target on the stock. Needham & Company LLC began coverage on Telos in a research report on Monday, December 14th. They issued a “buy” rating and a $31.00 price target on the stock. Finally, Wedbush began coverage on Telos in a research report on Monday, December 14th. They issued an “outperform” rating and a $30.00 price target on the stock. Seven investment analysts have rated the stock with a buy rating, Telos currently has an average rating of “Buy” and a consensus target price of $31.00.
In other news, Director John W. Maluda purchased 441 shares of the business’s stock in a transaction dated Thursday, November 19th. The shares were acquired at an average price of $7,497.00 per share, with a total value of $3,306,177.00. Following the completion of the purchase, the director now directly owns 63,930 shares of the company’s stock, valued at approximately $479,283,210. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
About Telos (NASDAQ:TLS)
Telos Corporation, together with its subsidiaries, provides information technology (IT) solutions and services worldwide. The company offers solutions that secure cyberspace, the cloud environment, and the people and operations of the enterprise. It provides Xacta, a premier solution for continuous assessment and authorization, which is used by the department of defense (DoD), intelligence communities, and civilian government, as well as by commercial businesses; enterprise cloud services, including engineering, migration, security, and managed services; and Telos Ghost, a cybersecurity solution that gives organizations an anonymous way to do business, connect with global resources, and conduct research online for intelligence gathering, cyber threat protection, securing critical infrastructure, and protecting communications and applications.
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