Royal Bank of Canada Lowers Lightspeed Pos (TSE:LSP) to Strong Sell

Royal Bank of Canada downgraded shares of Lightspeed Pos (TSE:LSP) from a moderate buy rating to a strong sell rating in a research note issued to investors on Thursday, Zacks.com reports.

Separately, Cibc World Mkts raised Lightspeed Pos from a hold rating to a strong-buy rating in a research report on Friday, May 24th.

Lightspeed Pos Stock Performance

Lightspeed Pos (TSE:LSP) last announced its earnings results on Thursday, May 16th. The company reported C$0.01 earnings per share for the quarter, topping the consensus estimate of C($0.20) by C$0.21. The business had revenue of C$310.36 million for the quarter, compared to analysts’ expectations of C$303.91 million.