Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Macquarie Telecom Group Limited ( (AU:MAQ) ) has issued an update.
Macquarie Technology Group has reported its eleventh consecutive year of EBITDA growth, with a notable increase of 8.7% over the past three years. The company is strategically expanding its data center capacity to support the growth of cloud and AI companies in Australia, including the development of the IC3 SuperWest data center. Despite facing pricing pressures and cost challenges, Macquarie is investing in AI capabilities and infrastructure to enhance operational efficiencies and support customer needs, positioning itself strongly in the market.
The most recent analyst rating on (AU:MAQ) stock is a Buy with a A$107.00 price target. To see the full list of analyst forecasts on Macquarie Telecom Group Limited stock, see the AU:MAQ Stock Forecast page.
More about Macquarie Telecom Group Limited
Macquarie Technology Group is an Australian company specializing in data centers, cloud services, cybersecurity, and telecommunications for mid to large businesses and government customers. The company distinguishes itself by providing superior customer service compared to its competitors.
Average Trading Volume: 53,926
Technical Sentiment Signal: Sell
Current Market Cap: A$1.71B
Find detailed analytics on MAQ stock on TipRanks’ Stock Analysis page.