UBS AG Upgrades Telecity Group to “Buy” (TCY)
Telecity Group (LON:TCY) was upgraded by research analysts at UBS AG to a “buy” rating in a report released on Friday, American Banking News.com reports. The firm currently has a GBX 975 ($15.57) price objective on the stock. UBS AG’s price objective would indicate a potential upside of 22.41% from the stock’s previous close.
Shares of Telecity Group (LON:TCY) opened at 819.50 on Friday. Telecity Group has a 1-year low of GBX 753.50 and a 1-year 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 £1.655 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of Telecity Group in a research note to investors on Tuesday. They now have a GBX 1,140 ($18.20) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Telecity Group in a research note to investors on Tuesday. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of GBX 985 ($15.72).
TeleCity Group plc (LON:TCY) is a provider of network-independent data centers providing colocation and related data centre services.