FinnCap Reaffirms “Corporate” Rating for CityFibre Infrastructure (CITY)
FinnCap reiterated their corporate rating on shares of CityFibre Infrastructure (LON:CITY) in a research note released on Thursday morning. They currently have a GBX 90 ($1.21) price target on the stock.
Several other research firms also recently weighed in on CITY. Peel Hunt reduced their price objective on shares of CityFibre Infrastructure from GBX 62 ($0.83) to GBX 52 ($0.70) and set an add rating for the company in a report on Wednesday, November 1st. Liberum Capital reduced their price objective on shares of CityFibre Infrastructure from GBX 134 ($1.80) to GBX 80 ($1.08) and set a buy rating for the company in a report on Thursday, September 28th. Macquarie reaffirmed an outperform rating on shares of CityFibre Infrastructure in a report on Wednesday, September 6th. Finally, Numis Securities initiated coverage on shares of CityFibre Infrastructure in a report on Tuesday, September 12th. They issued a sell rating and a GBX 35 ($0.47) price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 80 ($1.08).
CityFibre Infrastructure (CITY) opened at GBX 60 ($0.81) on Thursday. CityFibre Infrastructure has a 1-year low of GBX 41 ($0.55) and a 1-year high of GBX 71 ($0.96). The stock has a market cap of $379.59 and a price-to-earnings ratio of -1,500.00.
CityFibre Infrastructure (LON:CITY) last announced its quarterly earnings results on Thursday, September 28th. The company reported GBX (2) (($0.03)) earnings per share (EPS) for the quarter. The firm had revenue of GBX 904 million for the quarter. CityFibre Infrastructure had a negative net margin of 65.52% and a negative return on equity of 11.15%.
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About CityFibre Infrastructure
CityFibre Infrastructure Holdings plc is a provider of wholesale fiber optic infrastructure. The Company designs, builds and operates pure-fiber networks across the United Kingdom. The Company’s operations relate to the management of transformational fiber optic infrastructure. Its solutions include Fibre-to-the-Premises, Metro Fibre Networks, Fibre-to-the-Tower and Fibre-to-the-Home.
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