Stephens Initiates Coverage on CyrusOne (CONE)
Equities research analysts at Stephens started coverage on shares of CyrusOne (NASDAQ:CONE) in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank cut their price target on shares of CyrusOne (NASDAQ:CONE) from $27.00 to $25.00 in a research note to investors on Thursday, August 8th. They now have a “buy” rating on the stock. Separately, analysts at KeyCorp initiated coverage on shares of CyrusOne (NASDAQ:CONE) in a research note to investors on Tuesday, July 23rd. They set a “hold” rating on the stock. Finally, analysts at Jefferies Group initiated coverage on shares of CyrusOne (NASDAQ:CONE) in a research note to investors on Tuesday, July 9th. They set a “buy” rating and a $25.00 price target on the stock.
Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. CyrusOne has an average rating of “Buy” and a consensus price target of $24.90.
CyrusOne (NASDAQ:CONE) opened at 19.23 on Thursday. CyrusOne has a one year low of $17.93 and a one year high of $24.84. The stock’s 50-day moving average is $19.52 and its 200-day moving average is $21.51. The company’s market cap is $425.4 million.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 15th. Stockholders of record on Friday, September 27th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Wednesday, September 25th.
CyrusOne Inc, is a owner, operator and developer of enterprise-class, carrier-neutral data center properties.
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