Telecity Group Upgraded by Jefferies Group to Buy (TCY)
Telecity Group (LON:TCY) was upgraded by investment analysts at Jefferies Group from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, AR Network reports. The firm currently has a GBX 1,020 ($16.34) target price on the stock. Jefferies Group’s price objective suggests a potential upside of 25.93% from the company’s current price.
A number of other analysts have also recently weighed in on TCY. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Telecity Group (LON:TCY) from GBX 1,200 ($19.22) to GBX 1,230 ($19.70) in a research note to investors on Thursday, September 12th. They now have a “buy” rating on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Telecity Group (LON:TCY) in a research note to investors on Monday, September 2nd. They now have a GBX 1,200 ($19.22) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Telecity Group (LON:TCY) in a research note to investors on Thursday, August 29th. They now have a GBX 1,020 ($16.34) price target on the stock.
One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Telecity Group currently has an average rating of “Buy” and an average price target of GBX 997.04 ($15.97).
Telecity Group (LON:TCY) opened at 823.4999 on Wednesday. Telecity Group has a one year low of GBX 764.50 and a one year high of GBX 1026.00. The stock’s 50-day moving average is GBX 850.9 and its 200-day moving average is GBX 921.9. The company’s market cap is £1.663 billion.
TeleCity Group plc (LON:TCY) is a provider of network-independent data centers providing colocation and related data centre services.
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