TeleCity Group Plc Receives Buy Rating from Investec (TCY)
TeleCity Group Plc (LON:TCY)‘s stock had its “buy” rating reaffirmed by equities researchers at Investec in a research report issued on Tuesday. They currently have a GBX 925 ($15.74) price objective on the stock. Investec’s price target would indicate a potential upside of 22.19% from the stock’s previous close.
A number of other firms have also recently commented on TCY. Analysts at Liberum Capital reiterated a “sell” rating on shares of TeleCity Group Plc in a research note on Friday, June 13th. They now have a GBX 600 ($10.21) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of TeleCity Group Plc in a research note on Friday, June 6th. They now have a GBX 880 ($14.98) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of TeleCity Group Plc in a research note on Friday, May 30th. They now have a GBX 850 ($14.47) price target on the stock. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. TeleCity Group Plc presently has an average rating of “Hold” and a consensus price target of GBX 861.54 ($14.66).
Shares of TeleCity Group Plc (LON:TCY) traded down 0.59% on Tuesday, hitting GBX 757.00. 279,638 shares of the company’s stock traded hands. TeleCity Group Plc has a 1-year low of GBX 625.00 and a 1-year high of GBX 1026.00. The stock has a 50-day moving average of GBX 727.1 and a 200-day moving average of GBX 702.8. The company’s market cap is £1.533 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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