Telecity Group Given Consensus Recommendation of “Hold” by Analysts (LON:TCY)
Telecity Group (LON:TCY) has been given an average recommendation of “Hold” by the seventeen ratings firms that are covering the stock, American Banking & Market News reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 920.63 ($15.10).
Telecity Group (LON:TCY) opened at 646.50 on Thursday. 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 736. and a 200-day moving average of GBX 770.1. The company’s market cap is £1.306 billion.
A number of analysts have recently weighed in on TCY shares. Analysts at Barclays cut their price target on shares of Telecity Group from GBX 1,140 ($18.70) to GBX 1,050 ($17.23) in a research note on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Citigroup Inc. cut their price target on shares of Telecity Group from GBX 970 ($15.91) to GBX 850 ($13.95) in a research note on Thursday. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group reiterated a “buy” rating on shares of Telecity Group in a research note on Thursday. They now have a GBX 1,020 ($16.74) price target on the stock.
TeleCity Group plc (LON:TCY) is a provider of network-independent data centers providing colocation and related data centre services.
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