LONDON, July 1 (newratings.com) - Analysts at Panmure Gordon maintain their "buy" rating on Intec Telecom Systems Plc (ticker: IEK). The target price has been raised from 67p to 79p.
In a research note published this morning, the analysts mention
that the company's new management has taken several initiatives to boost its performance. Intec Telecom Systems (LSE:
ITL.L -
news) is poised to perform well in the current year driven by an improved sales organization, good execution on backlog and continued focus on cost management, the analysts add. The EPS estimate for 2010 has been reduced from 6.3p to 6.56p.
© 2009 New Ratings
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