Roth Capital Re-Starts RMG Networks Holding (RMGN) at Buy

Roth Capital re-initiates coverage on RMG Networks Holding (NASDAQ: RMGN) with a Buy rating and a price target of $1.20.

Analyst William Gibson commented, "RMG Networks provides end-to-end digital communications solutions to deliver intelligent, real-time visual content to help its customers to communicate with their customers and employees. Customers include 70 of America's 100 largest companies and most of the Fortune 500. We are re-introducing coverage of RMGN with a Buy rating. Based on a multiple of 10x our forward 12-month adjusted EBITDA estimate of nearly $4.5 million a year out, our 12-month price target is $1.20."

For an analyst ratings summary and ratings history on RMG Networks Holding click here. For more ratings news on RMG Networks Holding click here.

Shares of RMG Networks Holding closed at $0.89 yesterday.

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