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Fly News Breaks for October 22, 2019
TEUM
Oct 22, 2019 | 07:57 EDT
As previously reported, Oppenheimer analyst Timothy Horan downgraded Pareteum to Perform from Outperform after the company issued an 8-K announcing that it will massively restate previously issued financial statements. The analyst notes that the timing on the restatements is uncertain, and he is concerned that further restatements may be likely. Management also discontinued guidance, Horan adds.