TeleCity Group Plc’s Sell Rating Reaffirmed at Liberum Capital (TCY)
TeleCity Group Plc (LON:TCY)‘s stock had its “sell” rating reissued by Liberum Capital in a research note issued on Tuesday. They currently have a GBX 685 ($11.34) price target on the stock. Liberum Capital’s price objective suggests a potential downside of 10.05% from the stock’s previous close.
A number of other analysts have also recently weighed in on TCY. Analysts at HSBC reiterated an “overweight” rating on shares of TeleCity Group Plc in a research note on Wednesday, August 6th. They now have a GBX 920 ($15.22) 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, August 5th. They now have a GBX 860 ($14.23) price target on the stock, down previously from GBX 880 ($14.56). Finally, analysts at Investec reiterated a “buy” rating on shares of TeleCity Group Plc in a research note on Monday, August 4th. They now have a GBX 925 ($15.31) price target on the stock. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 880.42 ($14.57).
Shares of TeleCity Group Plc (LON:TCY) opened at 718.58 on Tuesday. TeleCity Group Plc has a 52-week low of GBX 625.00 and a 52-week high of GBX 866.00. The stock has a 50-day moving average of GBX 769. and a 200-day moving average of GBX 716.1. The company’s market cap is £1.456 billion.
The company also recently announced a dividend, which is scheduled for Friday, September 19th. Shareholders of record on Wednesday, August 13th will be paid a dividend of GBX 4.50 ($0.07) per share. This represents a dividend yield of 0.59%. The ex-dividend date is Wednesday, August 13th.
TeleCity Group plc (LON:TCY) is a provider of network-independent data centers providing colocation and related data centre services.
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