Telos (NASDAQ:TLS) Stock Rating Upgraded by Wall Street Zen

Key Points

• Telos (NASDAQ:TLS) has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating increased confidence among analysts in the company's stock potential.
• BMO Capital Markets raised its target price for Telos from $2.25 to $4.50, while Wedbush increased it further to $6.00, suggesting a positive outlook on the stock's performance.
• Currently, 62.14% of Telos's stock is owned by institutional investors and hedge funds, signaling substantial interest and investment in the company by large financial entities.

Telos (NASDAQ:TLS - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Other analysts also recently issued research reports about the stock. BMO Capital Markets reaffirmed a "market perform" rating and set a $4.50 target price (up previously from $2.25) on shares of Telos in a report on Tuesday. Wedbush boosted their price objective on shares of Telos from $4.00 to $6.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, DA Davidson set a $4.00 price objective on shares of Telos and gave the company a "neutral" rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $4.88.

Telos Stock Performance

Shares of TLS opened at $5.55 on Friday. The firm has a 50-day moving average of $3.02 and a 200-day moving average of $2.84. Telos has a one year low of $1.83 and a one year high of $5.84. The company has a market cap of $403.49 million, a PE ratio of -7.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.65 and a quick ratio of 3.94.

Institutional Investors Weigh In On Telos

Several large investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Telos by 100.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,569,612 shares of the company's stock valued at $22,469,000 after buying an additional 3,296,586 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Telos in the second quarter valued at $1,801,000. Acuitas Investments LLC bought a new position in shares of Telos during the first quarter valued at about $1,085,000. Barclays PLC lifted its position in shares of Telos by 3.7% during the fourth quarter. Barclays PLC now owns 9,523,032 shares of the company's stock valued at $32,569,000 after purchasing an additional 342,076 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Telos by 681.9% during the second quarter. Marshall Wace LLP now owns 348,270 shares of the company's stock valued at $1,104,000 after purchasing an additional 303,726 shares in the last quarter. 62.14% of the stock is currently owned by institutional investors and hedge funds.

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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