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Equities research analysts at Ameriprise Financial initiated coverage on shares of Iron Mountain (NYSE:IRM) in a research note issued to investors on Friday, ARN reports. The firm set a “buy” rating on the stock.

Shares of Iron Mountain (NYSE:IRM) traded down 1.20% on Friday, hitting $26.41. 2,541,658 shares of the company’s stock traded hands. Iron Mountain has a 52-week low of $25.03 and a 52-week high of $39.71. The stock’s 50-day moving average is $28.64 and its 200-day moving average is $27.64. The company has a market cap of $5.050 billion and a price-to-earnings ratio of 67.16.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Iron Mountain in a research note to investors on Thursday, January 9th. They now have a $30.00 price target on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Iron Mountain in a research note to investors on Tuesday, December 17th. They set a “hold” rating and a $27.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Iron Mountain currently has a consensus rating of “Hold” and an average target price of $32.58.

Iron Mountain Incorporated (NYSE:IRM) is engaged in storing records, primarily paper documents and data backup media, and provide information management services.

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