Tele Columbus (ETR:TC1) received a €8.40 ($9.77) price target from Berenberg Bank in a research report issued to clients and investors on Tuesday, June 5th. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 37.70% from the stock’s current price.
TC1 has been the topic of several other research reports. Barclays set a €10.30 ($11.98) price objective on shares of Tele Columbus and gave the stock a “buy” rating in a research note on Monday, April 9th. Goldman Sachs Group set a €11.00 ($12.79) target price on shares of Tele Columbus and gave the company a “buy” rating in a research note on Wednesday, April 4th. JPMorgan Chase & Co. set a €10.00 ($11.63) price target on Tele Columbus and gave the company a “buy” rating in a report on Wednesday, April 4th. Finally, Hauck & Aufhaeuser set a €12.80 ($14.88) price objective on Tele Columbus and gave the company a “buy” rating in a research report on Tuesday, April 3rd. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Tele Columbus presently has an average rating of “Hold” and an average price target of €8.05 ($9.36).
Shares of TC1 stock traded up €0.03 ($0.03) during trading on Tuesday, hitting €6.10 ($7.09). 253,894 shares of the company were exchanged, compared to its average volume of 69,830. Tele Columbus has a twelve month low of €7.96 ($9.26) and a twelve month high of €10.40 ($12.09).
Tele Columbus AG, together with its subsidiaries, operates cable networks in Germany. It operates through two segments, TV and Internet and Telephony. The TV segment offers analogue and digital TV and radio services, as well as premium TV packages that comprise approximately 75 additional digital TV programs.
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