Adept Telecom (ADT) Given “Buy” Rating at Northland Capital Partners

Northland Capital Partners reiterated their buy rating on shares of Adept Telecom (LON:ADT) in a report published on Thursday morning. They currently have a GBX 400 ($5.61) price objective on the stock.

Separately, Northland Securities reissued a buy rating on shares of Adept Telecom in a research note on Thursday.

Adept Telecom stock opened at GBX 338 ($4.74) on Thursday. Adept Telecom has a 1 year low of GBX 256.20 ($3.60) and a 1 year high of GBX 385 ($5.40).

In related news, insider Christopher Kingsman purchased 129,537 shares of Adept Telecom stock in a transaction dated Wednesday, February 21st. The shares were acquired at an average cost of GBX 305 ($4.28) per share, with a total value of £395,087.85 ($554,587.10). Insiders bought a total of 934,537 shares of company stock worth $284,933,785 over the last three months.

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About Adept Telecom

AdEPT Telecom plc provides voice and data telecommunication services to small and medium-sized business customers in the United Kingdom. The company operates through two segments, Fixed Line Services and Managed Services. It offers landline call, line rental, broadband, IT, and mobile and data connectivity services, as well as IP telephony, and support and maintenance services.

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