Telecity Group Stock Rating Reaffirmed by Liberum Capital (TCY)
Telecity Group (LON:TCY)‘s stock had its “sell” rating restated by equities research analysts at Liberum Capital in a research note issued to investors on Wednesday, StockRatingsNetwork.com reports. They currently have a GBX 720 ($11.62) target price on the stock. Liberum Capital’s price objective indicates a potential downside of 14.03% from the stock’s previous close.
TCY has been the subject of a number of other recent research reports. Analysts at Morgan Stanley cut their price target on shares of Telecity Group (LON:TCY) from GBX 1,200 ($19.36) to GBX 1,050 ($16.94) in a research note to investors on Thursday, September 26th. They now have an “overweight” rating on the stock. Separately, analysts at Jefferies Group upgraded shares of Telecity Group (LON:TCY) from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, September 25th. They now have a GBX 1,020 ($16.46) price target on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Telecity Group (LON:TCY) from GBX 1,200 ($19.36) to GBX 1,230 ($19.85) in a research note to investors on Thursday, September 12th. They now have a “buy” rating on the stock. One 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 company. The company has a consensus rating of “Buy” and a consensus target price of GBX 983.40 ($15.87).
Telecity Group (LON:TCY) traded down 0.89% on Wednesday, hitting GBX 837.50. The stock had a trading volume of 410,515 shares. Telecity Group has a 52 week low of GBX 764.50 and a 52 week high of GBX 1026.00. The stock has a 50-day moving average of GBX 850.9 and a 200-day moving average of GBX 921.9. The company’s market cap is £1.691 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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