BMO Capital Markets Issues Positive Forecast for Telos (NASDAQ:TLS) Stock Price

Telos (NASDAQ:TLS) had its target price increased by BMO Capital Markets from $3.00 to $4.50 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a market perform rating on the stock.

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

Telos Trading Down 5.7 %

Shares of TLS opened at $3.30 on Wednesday. Telos has a fifty-two week low of $1.89 and a fifty-two week high of $5.03. The business has a 50-day moving average of $3.62 and a 200 day moving average of $3.69. The firm has a market cap of $238.85 million, a P/E ratio of -4.71 and a beta of 0.96. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.70 and a current ratio of 3.64.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of TLS. SG Americas Securities LLC bought a new stake in Telos during the first quarter valued at approximately $58,000. Oppenheimer & Co. Inc. purchased a new position in shares of Telos in the 1st quarter worth about $247,000. Acadian Asset Management LLC raised its holdings in shares of Telos by 4.5% during the 1st quarter. Acadian Asset Management LLC now owns 2,068,075 shares of the company’s stock valued at $8,600,000 after buying an additional 88,336 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Telos in the 1st quarter worth approximately $58,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Telos by 3.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 699,458 shares of the company’s stock worth $2,910,000 after buying an additional 21,828 shares in the last quarter. Hedge funds and other institutional investors own 62.14% of the company’s stock.

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.