Vancouver, BC, January 17, 2014 - New York based SeeThruEquity has initiated coverage on Telkonet Inc. (TKOI). Analyst Brandon Primack gives the company a speculative rating, and a target price of $0.46, a premium of 109% to the $0.22 price on January 13th, the day the report was issued.
InvestmentPitch.com has produced a "video research alert" about Telkonet Inc. based on this report. If this link is not enabled, please visit www.InvestmentPitch.com and enter "Telkonet" in the search box.
Telkonet operates two synergistic business divisions, energy management technology and high speed internet access networks. The company is one of the largest High Speed Internet Access providers in the world and operates the largest hospitality high speed internet access network in the United States.
To remain competitive, hospitality providers must provide their customers with first class networks and increased bandwidth, which is an increasingly costly proposition. The company`s EthoStream RGS line of public-access gateway servers offers users the latest technology with numerous features, and is installed in over 2,300 hotels, reaching over 5 million monthly users.
On the energy management side of the business, the company`s EcoSmart suite of products are deployed at over 300,000 rooms, including major hospitality chains such as Hilton Worldwide, Marriott International, and Starwood Hotels and Resorts Worldwide, and at academic institutions such as New York University, MIT and the University of California Davis. Other key customers include Johnson Controls, and Trane Inc., a subsidiary of Ingersoll Rand.
Through the first nine months of 2013, Telkonet recorded revenues of $10.2mn, up 17.2% compared with the same time period in 2012.
Analyst Brandon Primack stated, "Telkonet is well positioned to experience substantial revenue growth over the 2014-2019E timeframe if they continue to execute on their propose business model."
SeeThruEquity, an independent equity research and corporate access firm, focuses on smallcap and microcap public companies. For more information about SeeThruEquity or to obtain a copy of their extensive research report, please visit the company`s website www.seethruequity.com or contact Ajay Tandon, Director of Research, at 646-495-0939 or email email@example.com.
InvestmentPitch.com, a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals, specializes in producing corporate interviews and three minute videos based on news releases and research reports. Please visit InvestmentPitch.com and browse our extensive library of investment videos.
Barry Morgan, CFO
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: InvestmentPitch via GlobeNewswire
- Investment & Company Information