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An announcement from Team Internet Group ( (GB:TIG) ) is now available.
Team Internet Group plc, in partnership with Colombian domain registrar CCI REG, has been awarded a 10-year contract to manage and operate Colombia’s .co domain, a significant global digital asset. This contract, executed through the joint venture Equipo PuntoCo, enhances Team Internet’s position as a leader in domain infrastructure, reflecting its capability to manage critical internet assets and supporting the digital ambitions of .co users worldwide.
The most recent analyst rating on (GB:TIG) stock is a Hold with a £0.60 price target. To see the full list of analyst forecasts on Team Internet Group stock, see the GB:TIG Stock Forecast page.
Spark’s Take on GB:TIG Stock
According to Spark, TipRanks’ AI Analyst, GB:TIG is a Neutral.
Team Internet Group’s stock score is primarily supported by strong cash flow and positive corporate events from the share buyback program, which enhance shareholder value. Technical indicators provide a modest uplift, while the valuation is hindered by the negative P/E ratio. Profitability challenges and increased financial leverage present risks that balance the overall outlook.
To see Spark’s full report on GB:TIG stock, click here.
More about Team Internet Group
Team Internet Group plc is a global internet solutions company that operates in the domain name management, identity and software solutions, and high-growth digital advertising markets. The company facilitates connections between businesses, domains, brands, consumers, publishers, and advertisers. It generates revenue through subscription-based services in its DIS segment and revenue-sharing contracts in its Comparison and Search segments.
Average Trading Volume: 470,457
Technical Sentiment Signal: Sell
Current Market Cap: £152.4M
See more data about TIG stock on TipRanks’ Stock Analysis page.