Telecity Group Receives Overweight Rating from Barclays (TCY)
Telecity Group (LON:TCY)‘s stock had its “overweight” rating restated by equities researchers at Barclays in a research report issued on Tuesday, Analyst RN reports. They currently have a GBX 1,140 ($18.20) target price on the stock. Barclays’ price target points to a potential upside of 42.68% from the stock’s previous close.
Telecity Group (LON:TCY) traded up 0.19% during mid-day trading on Tuesday, hitting GBX 799.00. 361,673 shares of the company’s stock traded hands. Telecity Group has a 52 week low of GBX 753.50 and a 52 week 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 £1.613 billion.
A number of other firms have also recently commented on TCY. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Telecity Group in a research note to investors on Tuesday. Separately, analysts at Liberum Capital reiterated a “sell” rating on shares of Telecity Group in a research note to investors on Wednesday, October 2nd. They now have a GBX 720 ($11.49) price target on the stock. Finally, analysts at Morgan Stanley cut their price target on shares of Telecity Group from GBX 1,200 ($19.16) to GBX 1,050 ($16.76) in a research note to investors on Thursday, September 26th. They now have an “overweight” rating on the stock. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of GBX 988.74 ($15.78).
TeleCity Group plc (LON:TCY) is a provider of network-independent data centers providing colocation and related data centre services.
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