TNS Inc. (TNS) has broken out of its trading range since it was last featured as a Zacks Rank Buy.

Estimates Rising

Over the past 2 months the consensus for this year has remained steady at $1.45, after spiking from $1.03. However, the average estimate for 2010 is up 9 cents to $1.81.

This keeps growth slightly negative for this year but will be a 25% EPS growth rate in 2010. The company is set to report quarterly earnings on August 4th.

Upgraded

The earnings revision came after the stock was upgraded to “Strong Buy” from “Outperform” by a major brokerage house in July.
TNS also made headlines in July when it inked a deal to become the main connectivity agent for Europe’s multi-lateral trading facility (MTF).

John Owens, a VP at TNS, said, “The deal will also allow TNS to further extend our global network coverage, widening our already impressive community of interest and providing new connections for existing members.”

The Chart

As you can see below the stock was in the first narrow band when initially covered. It has since risen to another trading range and then broke out after the events this July.

View original at: Zacks.com News Feed

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