Brean Murray Carret & Co. Initiates Coverage on Augme Technologies (AUGT) to Buy

Brean Murray Carret & Co. initiates coverage on Augme Technologies (OTC: AUGT) to Buy with a price target of $3.00.

Brean analyst says, "AUGT is a leader in the high-growth segment of mobile marketing. This business is underpinned by its proprietary AD LIFE technology platform, and an intellectual property position, which includes key patents for delivering targeted content for websites. We believe AUGT's "high touch" agency business is well positioned to outpace overall mobile marketing growth, and the company has an opportunity to license AD LIFE directly to mobile marketers."

For an analyst ratings summary and ratings history on Augme Technologies click here. For more ratings news on Augme Technologies click here.

Shares of Augme Technologies closed at $1.41 yesterday.

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