TeleCity Group Plc Given Average Rating of “Hold” by Brokerages (LON:TCY)
Shares of TeleCity Group Plc (LON:TCY) have been given a consensus recommendation of “Hold” by the thirteen brokerages that are presently covering the stock, ARN reports. Three analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is GBX 880.42 ($14.81).
TeleCity Group Plc (LON:TCY) traded down 1.96% during mid-day trading on Friday, hitting GBX 724.00. The stock had a trading volume of 247,034 shares. TeleCity Group Plc has a 52-week low of GBX 625.00 and a 52-week high of GBX 885.9999. The stock’s 50-day moving average is GBX 767.0 and its 200-day moving average is GBX 713.8. The company’s market cap is £1.467 billion.
The company also recently declared a dividend, which is scheduled for Friday, September 19th. Investors of record on Wednesday, August 13th will be given a dividend of GBX 4.50 ($0.08) per share. This represents a yield of 0.59%. The ex-dividend date of this dividend is Wednesday, August 13th.
A number of research firms have recently commented on TCY. Analysts at HSBC reiterated an “overweight” rating on shares of TeleCity Group Plc in a research note on Wednesday. They now have a GBX 920 ($15.48) price target on the stock. Separately, analysts at Numis Securities Ltd downgraded shares of TeleCity Group Plc to a “hold” rating in a research note on Tuesday. They now have a GBX 860 ($14.47) price target on the stock, down previously from GBX 880 ($14.81). Finally, analysts at Investec reiterated a “buy” rating on shares of TeleCity Group Plc in a research note on Monday. They now have a GBX 925 ($15.56) 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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