TeleCity Group Plc Given “Buy” Rating at Investec (TCY)
TeleCity Group Plc (LON:TCY)‘s stock had its “buy” rating reiterated by equities researchers at Investec in a research report issued on Thursday, Stock Ratings News reports. They currently have a GBX 925 ($15.50) price target on the stock. Investec’s price objective would suggest a potential upside of 38.27% from the company’s current price.
TeleCity Group Plc (LON:TCY) opened at 680.00 on Thursday. TeleCity Group Plc has a 52 week low of GBX 625.00 and a 52 week high of GBX 1026.00. The stock has a 50-day moving average of GBX 729.4 and a 200-day moving average of GBX 761.1. The company’s market cap is £1.377 billion.
The company also recently announced a dividend, which is scheduled for Friday, April 11th. Investors of record on Wednesday, March 5th will be paid a dividend of GBX 7 ($0.12) per share. This represents a dividend yield of 1.05%. The ex-dividend date is Wednesday, March 5th.
TCY has been the subject of a number of other recent research reports. Analysts at UBS AG cut their price target on shares of TeleCity Group Plc from GBX 950 ($15.92) to GBX 825 ($13.83) in a research note on Friday, February 14th. They now have a “buy” rating on the stock. Separately, analysts at Liberum Capital reiterated a “sell” rating on shares of TeleCity Group Plc in a research note on Friday, February 14th. They now have a GBX 600 ($10.06) price target on the stock. Finally, analysts at Barclays cut their price target on shares of TeleCity Group Plc from GBX 1,140 ($19.11) to GBX 1,050 ($17.60) in a research note on Thursday, February 13th. They now have an “overweight” rating on the stock. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 908.44 ($15.22).
TeleCity Group plc (LON:TCY) is a provider of network-independent data centers providing colocation and related data centre services.
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