Alliance Global Partners analyst C. K. Poe Fratt says the weak second half of 2024 stock price performance “creates a compelling risk/reward profile” for TEN, Ltd. (TEN) Friday, December 13, is last day to lock in TEN’s next semi-annual dividend of 90c per share, the analyst tells investors in a research note. The firm says the dividend equates to more than 4.5% of the current stock price. The company’s full year 2024 dividend of $1.50 per share is 50% higher than 2023, Alliance points out. It views the company as “undervalued and under covered” and keeps a Buy rating on the name with a $40 price target
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Read More on TEN:
- TEN, Ltd. initiated with a Buy at Alliance Global Partners
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- TEN, Ltd. reports Q3 EPS 67c vs. 83c last year
- TEN, Ltd. price target lowered to $24 from $27 at Jefferies
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
