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SeeThruEquity Initiates Coverage on Telkonet Inc (OTCQB: TKOI) with Buy Rating

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New York based SeeThruEquity has initiated coverage on Telkonet Inc., which trades under the symbol TKOI on the OTCQB. 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.

Additional Information:

Company: Telkonet Inc.
Website: http://www.telkonet.com/home/
Stock Symbol: OTCQB: TKOI
Date Published: Jan 16, 2014
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for InvestmentPitch.com

New York based SeeThruEquity has initiated coverage on Telkonet Inc., which trades under the symbol TKOI on the OTCQB.

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.

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.”

The company currently trades at $0.24, well below the $0.46 target price, and with 117.1 million shares outstanding, the company is capitalized at $28.1 million.

For more information about Telkonet, please visit the company’s website www.telkonet.com or contact
Mark Rehwald at 414-302-2206 or email mrehwald@telkonet.com.

SeeThruEquity, an independent equity research and corporate access firm, focuses on smallcap and microcap public companies.

Their research is unbiased and should not be confused with paid for research.

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 ajay@seethruequity.com.

I’m Samantha Deutscher for InvestmentPitch.com
For more video news, and to view our disclaimer, be sure to visit our website www.investmentpitch.com.
This video is for information purposes only and it is not a recommendation to buy or sell any securities.