Canaccord Genuity Group Reaffirms Buy Rating for Fonix Mobile (LON:FNX)

Fonix Mobile (LON:FNX)‘s stock had its “buy” rating restated by equities research analysts at Canaccord Genuity Group in a report released on Thursday, Marketbeat Ratings reports. They presently have a GBX 293 price target on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 65.54% from the stock’s previous close.

Fonix Mobile Stock Performance

LON:FNX opened at GBX 177 on Thursday. The firm has a market capitalization of £175.41 million, a PE ratio of 15.80 and a beta of 0.67. The stock’s fifty day moving average is GBX 180.22 and its 200 day moving average is GBX 198.28. Fonix Mobile has a fifty-two week low of GBX 165 and a fifty-two week high of GBX 252. The company has a debt-to-equity ratio of 2.45, a quick ratio of 1.16 and a current ratio of 1.17.

Fonix Mobile Company Profile

Founded in 2006, Fonix provides mobile payments and messaging services for clients across media, telecoms, entertainment, enterprise and commerce. Based in London, Fonix is a fast growth business driven ITV, Bauer Media, BT, Global Radio, Comic Relief and Children in Need to name a few.