Telecity Group Rating Reiterated by Espirito Santo Investment Bank Research (TCY)
Telecity Group (LON:TCY)‘s stock had its “sell” rating reiterated by stock analysts at Espirito Santo Investment Bank Research in a report issued on Tuesday, AnalystRatings.NET reports. They currently have a GBX 560 ($9.18) target price on the stock. Espirito Santo Investment Bank Research’s price target indicates a potential downside of 26.22% from the company’s current price.
Shares of Telecity Group (LON:TCY) traded down 2.11% during mid-day trading on Tuesday, hitting GBX 743.00. 621,406 shares of the company’s stock traded hands. Telecity Group has a 52-week low of GBX 633.00 and a 52-week high of GBX 1026.00. The stock has a 50-day moving average of GBX 694. and a 200-day moving average of GBX 816.6. The company’s market cap is £1.500 billion.
A number of other firms have also recently commented on TCY. Analysts at Barclays reiterated an “overweight” rating on shares of Telecity Group in a research note to investors on Friday, December 13th. They now have a GBX 1,140 ($18.70) price target on the stock. Separately, analysts at Investec cut their price target on shares of Telecity Group from GBX 1,000 ($16.40) to GBX 950 ($15.58) in a research note to investors on Thursday, December 5th. They now have a “buy” rating on the stock. Finally, analysts at Liberum Capital cut their price target on shares of Telecity Group from GBX 720 ($11.81) to GBX 600 ($9.84) in a research note to investors on Monday, November 25th. They now have a “sell” rating on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of GBX 968.57 ($15.89).
TeleCity Group plc (LON:TCY) is a provider of network-independent data centers providing colocation and related data centre services.
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