Canaccord Genuity Group Reiterates "Buy" Rating for Fonix Mobile (LON:FNX)

Key Points

• Canaccord Genuity Group has reaffirmed its "buy" rating for Fonix Mobile (LON:FNX) with a price target of GBX 293, suggesting a potential upside of 38.17% from the current stock price.
• Fonix Mobile's stock opened at GBX 212.06 and has experienced a decline of 3.2% recently, with a market cap of £210.13 million.
• The company, founded in 2006, specializes in providing mobile payments and messaging services for various industries including media, telecoms, and entertainment.

Fonix Mobile (LON:FNX - Get Free Report)'s stock had its "buy" rating reaffirmed by equities research analysts at Canaccord Genuity Group in a report issued on Tuesday,Digital Look reports. They currently have a GBX 293 price target on the stock. Canaccord Genuity Group's price target would indicate a potential upside of 38.17% from the stock's current price.

Fonix Mobile Trading Down 3.2%

LON:FNX opened at GBX 212.06 on Tuesday. The stock has a market cap of £210.13 million, a price-to-earnings ratio of 1,927.82 and a beta of 0.67. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 2.45. The company's 50 day moving average price is GBX 217.25 and its 200-day moving average price is GBX 213.15. Fonix Mobile has a 52 week low of GBX 175 and a 52 week high of GBX 263.90.

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.

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