Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Comms Group Ltd. (Australia) ( (AU:CCG) ) just unveiled an announcement.
Comms Group has executed a three-year facility agreement with Westpac Banking Corporation to refinance its existing term loan, replacing a previously announced refinancing offer and improving the commercial terms of its debt structure, with settlement expected by mid-January subject to conditions precedent. The new facility also includes an undrawn term loan earmarked to fund future acquisitions and an equipment leasing facility, bolstering the company’s financial flexibility and providing additional capacity to pursue growth opportunities while supporting ongoing investment in its technology and service offerings.
The most recent analyst rating on (AU:CCG) stock is a Hold with a A$0.07 price target. To see the full list of analyst forecasts on Comms Group Ltd. (Australia) stock, see the AU:CCG Stock Forecast page.
More about Comms Group Ltd. (Australia)
Comms Group Ltd is an Australian provider of cloud-based communications, collaboration and secure managed IT solutions, serving SMEs, corporates and multinational customers. Its offerings include unified communications such as Microsoft Teams Calling, hosted PBX and connectivity services, as well as managed IT, cloud hosting, CPaaS and UCaaS, with a focus on secure, modern workplace environments and global unified communications delivered across more than 65 countries.
Average Trading Volume: 548,971
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$39.3M
For detailed information about CCG stock, go to TipRanks’ Stock Analysis page.