Zacks upgraded shares of WI-LAN (NASDAQ:WILN) from a neutral rating to an outperform rating in a research report released on Thursday morning. Zacks currently has $4.00 price objective on the stock.
Zacks has also taken action a number of other stocks recently. The firm downgraded shares of Telecom Argentina SA (ADR) from a neutral rating to an underperform rating. Their analysts now have a $19.20 price target on that stock. Also, Zacks upgraded shares of PetroChina Company Limited (ADR) from a neutral rating to an outperform rating. Zacks now has a $162.00 price target on that stock. Finally, Zacks reiterated its neutral rating on shares of Plains All American Pipeline, L.P.. They have a $61.00 price target on that stock.
WI-LAN (NASDAQ:WILN) traded down 0.84% during mid-day trading on Thursday, hitting $3.56. 33,031 shares of the company’s stock traded hands. WI-LAN has a 52-week low of $2.85 and a 52-week high of $4.61. The stock’s 50-day moving average is $3.68 and its 200-day moving average is $3.2. The company has a market cap of $428.2 million and a P/E ratio of 78.04.
WI-LAN (NASDAQ:WILN) last announced its earnings results on Wednesday, July 30th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04. The company had revenue of $25.70 million for the quarter, compared to the consensus estimate of $21.53 million. WI-LAN’s revenue was up 32.5% compared to the same quarter last year. On average, analysts predict that WI-LAN will post $0.50 earnings per share for the current fiscal year.
Wi-LAN Inc (NASDAQ:WILN) is a licensing company.