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Elephant Talk Communications, Inc. (ETAK) [hlAlert]

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Elephant Talk Communications, Inc. (ETAK) rated Buy with price target $2 by Ascendiant Capital Markets

Posted on: Monday,  Dec 17, 2012  8:25 AM ET by Ascendiant Capital Markets

Elephant Talk Communications, Inc. (AMEX:
ETAK) rated Buy with price target $2 by Ascendiant Capital Markets.

Elephant Talk Communications, Inc. (Elephant Talk) is an international provider of business software and services to the telecommunications and financial services industry. Elephant Talk installs its operating software at the network operating centers of mobile carrier and receives a fee per month per cell phone subscriber on the network. Its subscribers are wholesale customers of Vizzavi (a subsidiary of the Vodafone group) in Spain and T-Mobile in the Netherlands. Elephant Talk also operates landline telephony services in nine European countries and Bahrain. Its network components, hardware, software systems, telecom switches and interconnections with other telecom operators are located in secured data-centers in eight countries. Its ET Boss software enables mobile carriers to outsource their back office to Elephant Talk. On March 17, 2010, Elephant Talk acquired ValidSoft, Ltd. (ValidSoft).

Ascendiant Capital Markets is led by George Santana, who has nearly twenty years of equity research experience in the United States and foreign markets. During his career, Mr. Santana has been recognized six consecutive times in the Institutional Investor magazine poll of top analysts.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/17/2012 8:25 AM Buy
1.26 2.00
as of 12/31/2012
1 Week   
1 Month   
3 Months   
1 YTD   

(*) Stock Price at the time of the recommendation.
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