Telos (NASDAQ:TLS) Given New $4.50 Price Target at BMO Capital Markets

Telos (NASDAQ:TLS) had its price objective lifted by BMO Capital Markets from $3.00 to $4.50 in a research report sent to investors on Wednesday morning,Benzinga reports. BMO Capital Markets currently has a market perform rating on the stock.

Other equities analysts have also issued research reports about the company. Needham & Company LLC restated a “hold” rating on shares of Telos in a research note 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 on the stock in a research report on Monday, August 12th. Finally, B. Riley reaffirmed a “buy” rating and issued a $5.00 price target on shares of Telos in a research report on Thursday, August 29th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $4.80.

Telos Stock Down 5.4 %

Shares of NASDAQ:TLS opened at $3.71 on Wednesday. The business’s 50 day moving average is $3.61 and its 200 day moving average is $3.69. The stock has a market cap of $268.08 million, a P/E ratio of -5.57 and a beta of 0.96. Telos has a 52-week low of $1.89 and a 52-week high of $5.03. The company has a quick ratio of 4.70, a current ratio of 4.76 and a debt-to-equity ratio of 0.06.

Institutional Trading of Telos

Several hedge funds have recently modified their holdings of TLS. Bank of New York Mellon Corp grew its stake in Telos by 1,396.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 180,901 shares of the company’s stock worth $727,000 after buying an additional 168,813 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Telos by 22.9% during the second quarter. Renaissance Technologies LLC now owns 1,024,400 shares of the company’s stock worth $4,118,000 after acquiring an additional 190,700 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in shares of Telos during the first quarter worth about $247,000. Lazard Asset Management LLC purchased a new position in shares of Telos in the 1st quarter valued at approximately $58,000. Finally, American Century Companies Inc. raised its position in shares of Telos by 11.5% in the 2nd quarter. American Century Companies Inc. now owns 79,988 shares of the company’s stock valued at $322,000 after purchasing an additional 8,229 shares during the last quarter. 62.14% of the stock is owned by hedge funds and other institutional investors.

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.