Should Investors Be Buying CANCOM (ETR:COK) Shares? Bankhaus Lampe KG Has Just Upgraded The Stock

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CANCOM (ETR:COK) Stock Upgrade

CANCOM (ETR:COK) was just upgraded by Bankhaus Lampe KG to a respectable Buy rating in analysts note issued on Thursday, 17 December. The firm presently has a EUR 49.00 target PPS on the shares. This target is 16.72% from COK’s current share price.

From a total of 4 analysts covering CANCOM (ETR:COK) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is €55 while the lowest target price is €41. The mean of all analyst targets is €47.88 with a 15.29% above today’s (€41.53) stock price. CANCOM was the topic of 10 analyst reports since July 1, 2015 according to the firm StockzIntelligence Inc. Hauck & Aufhäuser Privatbankiers KGaA upgraded shares on December 8 to “Buy” rating. Bankhaus Lampe upgraded COK stock in a recent report from November 14 to “Buy” rating.

The stock decreased 2.92% or EUR 1.25 on December 16, striking EUR 41.53. Approximately 153,116 shares of stock traded hands or 55.72% up from the average. Cancom SE (ETR:COK) has risen 12.02% since May 11, 2015 and is uptrending. It has outperformed by 14.65% the S&P500.

 Should Investors Be Buying CANCOM (ETR:COK) Shares? Bankhaus Lampe KG Has Just Upgraded The Stock

Cancom SE is a German provider of Information Technology systems and services. The company has a market cap of 597.94 million EUR. The Firm diversifies its activities into two business divisions: e-commerce and IT Solutions. It has 29.92 P/E ratio. The e-commerce business segment comprises CANCOM Deutschland GmbH, CANCOM Computersysteme GmbH, CANCOM a + d IT solutions GmbH, CANCOM (Switzerland) AG and CANCOM Ltd.

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