InterXion Holding N.V. (NYSE:INXN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Interxion Holding N.V. operates as a provider of carrier-neutral colocation data center services in Europe. The Company’s data centre facilitates processing, storage, sharing and distribution of data, content, applications and media among carriers and customers. Its carrier-neutral colocation services includes space, power, cooling to house its customers’ computing, network, storage and IT infrastructure. Additionally, Interxion also offers network monitoring, remote monitoring of customer equipment, systems management, engineering support services, cross connects, data backup and storage. The Company’s data centres are located in London, Frankfurt, Paris, Amsterdam and Madrid, the main data center markets in Europe. Interxion Holding N.V. is headquartered in Schiphol-Rijk, the Netherlands. “

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus reaffirmed a “buy” rating on shares of InterXion Holding N.V. in a research note on Tuesday, April 25th. Citigroup Inc. lifted their price objective on InterXion Holding N.V. from $44.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $45.00 price objective on shares of InterXion Holding N.V. in a research note on Friday, April 21st. Barclays PLC reaffirmed a “buy” rating and set a $45.00 price objective on shares of InterXion Holding N.V. in a research note on Thursday, March 2nd. Finally, Guggenheim raised InterXion Holding N.V. from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $38.00 to $43.00 in a research note on Wednesday, February 15th. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $46.75.

Analyst Recommendations for InterXion Holding N.V. (NYSE:INXN)

InterXion Holding N.V. (INXN) traded up 0.02% during trading on Wednesday, hitting $44.12. The company had a trading volume of 366,025 shares. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 69.92 and a beta of 0.67. InterXion Holding N.V. has a 12-month low of $32.21 and a 12-month high of $45.92. The firm has a 50-day moving average of $43.97 and a 200 day moving average of $39.25.

InterXion Holding N.V. (NYSE:INXN) last announced its quarterly earnings data on Wednesday, May 3rd. The technology company reported $0.16 EPS for the quarter, hitting analysts’ consensus estimates of $0.16. InterXion Holding N.V. had a return on equity of 6.80% and a net margin of 9.33%. The business had revenue of $113.90 million during the quarter, compared to analysts’ expectations of $112.86 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities research analysts forecast that InterXion Holding N.V. will post $0.74 earnings per share for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. acquired a new position in InterXion Holding N.V. during the first quarter worth about $110,000. BNP Paribas Arbitrage SA boosted its position in InterXion Holding N.V. by 6.8% in the first quarter. BNP Paribas Arbitrage SA now owns 3,950 shares of the technology company’s stock worth $156,000 after buying an additional 250 shares during the last quarter. Bank of Montreal Can boosted its position in InterXion Holding N.V. by 7.5% in the first quarter. Bank of Montreal Can now owns 5,064 shares of the technology company’s stock worth $200,000 after buying an additional 354 shares during the last quarter. Engineers Gate Manager LP acquired a new position in InterXion Holding N.V. during the first quarter worth about $230,000. Finally, SG Americas Securities LLC acquired a new position in InterXion Holding N.V. during the first quarter worth about $231,000. 88.25% of the stock is owned by hedge funds and other institutional investors.

InterXion Holding N.V. Company Profile

InterXion Holding N.V. is a provider of carrier and cloud neutral colocation data center services in Europe. The Company operates through two segments: France, Germany, The Netherlands and UK, and rest of Europe, which consists of its operations in Austria, Belgium, Denmark, Ireland, Spain, Sweden and Switzerland.

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