Deutsche Bank Downgrades TeleNav (TNAV) to Hold
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Price: $5.03 -0.2%
Rating Summary:
2 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Rating Summary:
2 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 21 | Down: 24 | New: 29
Trade TNAV Now!
Deutsche Bank downgrades TeleNav, Inc. (NASDAQ: TNAV) from Buy to Hold. PT cut from $12 to $9
Deutsche analyst says, "Setting aside long-term concerns, the company’s core business did well in the quarter. They saw growth across customers and segments. Sprint’s growth remains a very positive contributor in the quarter, but business grew elsewhere including AT&T (NYSE: T), newly-won US Cellular, AT&T, China Mobile and their non carrier businesses as well. In MRM, they won a major contract to provide asset tracking for a large manufacturer (which we believe is Xerox (NYSE: XRX))."
To see all the upgrades/downgrades on shares of TNAV, visit our Analyst Ratings page.
TeleNav, Inc. is a provider of wireless location-based services (LBS), including global positioning system (GPS) navigation, mobile resource management (MRM), asset GPS tracking (AVL) and local search.
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Deutsche analyst says, "Setting aside long-term concerns, the company’s core business did well in the quarter. They saw growth across customers and segments. Sprint’s growth remains a very positive contributor in the quarter, but business grew elsewhere including AT&T (NYSE: T), newly-won US Cellular, AT&T, China Mobile and their non carrier businesses as well. In MRM, they won a major contract to provide asset tracking for a large manufacturer (which we believe is Xerox (NYSE: XRX))."
To see all the upgrades/downgrades on shares of TNAV, visit our Analyst Ratings page.
TeleNav, Inc. is a provider of wireless location-based services (LBS), including global positioning system (GPS) navigation, mobile resource management (MRM), asset GPS tracking (AVL) and local search.
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