Telos Corporation (NASDAQ:TLS) Given Average Rating of "Hold" by Analysts

Shares of Telos Corporation (NASDAQ:TLS - Get Free Report) have been assigned an average recommendation of "Hold" from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $3.94.

TLS has been the topic of several recent research reports. BMO Capital Markets cut their price target on Telos from $3.00 to $2.25 and set a "market perform" rating on the stock in a report on Monday, May 12th. Wall Street Zen raised Telos from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

Institutional Trading of Telos

Several hedge funds have recently added to or reduced their stakes in the business. NewEdge Advisors LLC raised its stake in Telos by 28.7% during the 1st quarter. NewEdge Advisors LLC now owns 17,918 shares of the company's stock valued at $43,000 after acquiring an additional 4,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Telos by 9.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,181,590 shares of the company's stock valued at $17,097,000 after acquiring an additional 611,978 shares in the last quarter. AQR Capital Management LLC acquired a new position in shares of Telos during the 1st quarter valued at $39,000. OLD Mission Capital LLC acquired a new position in shares of Telos during the 1st quarter valued at $30,000. Finally, Tocqueville Asset Management L.P. increased its position in shares of Telos by 17.7% during the 1st quarter. Tocqueville Asset Management L.P. now owns 465,000 shares of the company's stock valued at $1,107,000 after purchasing an additional 70,000 shares during the period. Institutional investors own 62.14% of the company's stock.

Telos Trading Down 5.8%

NASDAQ:TLS opened at $2.92 on Friday. The company has a quick ratio of 3.94, a current ratio of 4.00 and a debt-to-equity ratio of 0.06. The business's 50 day moving average is $2.72 and its two-hundred day moving average is $2.87. Telos has a 52 week low of $1.83 and a 52 week high of $4.82. The company has a market cap of $214.59 million, a PE ratio of -3.89 and a beta of 0.98.

About Telos

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.

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