Canaccord Genuity Group Reaffirms Buy Rating for Fonix Mobile (LON:FNX)
by Amy Steele · The Cerbat GemFonix Mobile (LON:FNX – Get Free Report)‘s stock had its “buy” rating reissued by stock analysts at Canaccord Genuity Group in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 293 target price on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 50.33% from the company’s current price.
Fonix Mobile Trading Up 1.5%
Shares of Fonix Mobile stock opened at GBX 194.90 on Tuesday. The firm has a market capitalization of £190.27 million, a PE ratio of 17.40 and a beta of 0.57. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.17 and a quick ratio of 1.16. The company’s fifty day moving average price is GBX 170.51 and its two-hundred day moving average price is GBX 162.02. Fonix Mobile has a 52-week low of GBX 143 and a 52-week high of GBX 244.
Fonix Mobile (LON:FNX – Get Free Report) last announced its quarterly earnings data on Tuesday, September 22nd. The company reported GBX 12.10 earnings per share (EPS) for the quarter. Fonix Mobile had a net margin of 14.27% and a return on equity of 107.46%. On average, analysts expect that Fonix Mobile will post 10.9108622 EPS for the current year.
About Fonix Mobile
Founded in 2006, Fonix provides mobile payments and messaging services for clients across media, telecoms, entertainment, enterprise and commerce. Based in London, Fonix is a fast growth business driven ITV, Bauer Media, BT, Global Radio, Comic Relief and Children in Need to name a few.