CyrusOne Inc (CONE) Given Consensus Recommendation of “Buy” by Brokerages
CyrusOne Inc (NASDAQ:CONE) has received a consensus rating of “Buy” from the seventeen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $69.25.
CONE has been the subject of several research analyst reports. Cowen restated a “buy” rating and issued a $78.00 price objective on shares of CyrusOne in a research note on Wednesday, November 1st. UBS Group restated a “buy” rating and issued a $70.00 price objective (up from $63.00) on shares of CyrusOne in a research note on Wednesday, November 1st. Mitsubishi UFJ Financial Group upgraded CyrusOne from a “neutral” rating to an “overweight” rating in a research note on Tuesday, October 31st. Deutsche Bank restated a “buy” rating and issued a $71.00 price objective on shares of CyrusOne in a research note on Friday, November 10th. Finally, Morgan Stanley raised their price objective on CyrusOne from $63.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, November 17th.
Shares of CyrusOne (CONE) traded down $1.48 during trading hours on Friday, hitting $52.74. The stock had a trading volume of 1,493,130 shares, compared to its average volume of 1,160,000. CyrusOne has a 1 year low of $46.41 and a 1 year high of $65.73. The stock has a market capitalization of $4,820.00, a PE ratio of -53.82, a price-to-earnings-growth ratio of 0.86 and a beta of 0.70. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.48 and a current ratio of 0.48.
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CyrusOne Inc is a real estate investment trust. The Company is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Company’s data centers are generally purpose-built facilities with redundant power and cooling. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within its footprint and beyond.
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