Liberum Capital Reiterates Sell Rating for Telecity Group (TCY)
Telecity Group (LON:TCY)‘s stock had its “sell” rating reaffirmed by equities research analysts at Liberum Capital in a research note issued to investors on Thursday, American Banking and Market News reports. They currently have a GBX 600 ($9.86) price objective on the stock. Liberum Capital’s price target suggests a potential downside of 15.39% from the stock’s previous close.
TCY has been the subject of a number of other recent research reports. Analysts at Barclays reiterated an “overweight” rating on shares of Telecity Group in a research note to investors on Thursday, January 23rd. They now have a GBX 1,140 ($18.73) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Telecity Group in a research note to investors on Wednesday, January 22nd. They now have a GBX 1,100 ($18.08) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Telecity Group in a research note to investors on Thursday, January 16th. They now have a GBX 970 ($15.94) price target on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of GBX 952.67 ($15.66).
Telecity Group (LON:TCY) traded up 0.73% during mid-day trading on Thursday, hitting GBX 709.1121. The stock had a trading volume of 883,812 shares. Telecity Group has a 1-year low of GBX 633.00 and a 1-year high of GBX 1026.00. The stock has a 50-day moving average of GBX 734. and a 200-day moving average of GBX 779.7. The company’s market cap is £1.432 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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