CyrusOne Inc (CONE) : Analyst Rating Update

CyrusOne Inc (CONE) has an average broker rating of 1.67, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

CyrusOne Inc (CONE) stock is expected to deviate a maximum of $3.81 from the average target price of $54.44 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $59 and the most muted being $48.

CyrusOne Inc (NASDAQ:CONE): The stock opened at $55.41 on Wednesday but the bulls could not build on the opening and the stock topped out at $55.55 for the day. The stock traded down to $54.84 during the day, due to lack of any buying support eventually closed down at $55.34 with a loss of -0.36% for the day. The stock had closed at $55.54 on the previous day. The total traded volume was 915,794 shares.

Also, Wells Fargo initiates coverage on CyrusOne Inc (NASDAQ:CONE).The analysts at the brokerage house have a current rating of Outperform on the shares. The rating by the firm was issued on June 1, 2016. The company shares have rallied 85.20% from its 1 Year high price. On Jul 1, 2016, the shares registered one year high at $55.97 and the one year low was seen on Jul 28, 2015. The 50-Day Moving Average price is $51.27 and the 200 Day Moving Average price is recorded at $43.13.

CyrusOne Inc. (CyrusOne) is an owner, operator and developer of enterprise-class, carrier-neutral, multi-tenant data center properties. The Companys data centers are purpose-built facilities, which have access to a range of telecommunications carriers. It provides mission-critical data center facilities that protect the information technology (IT) infrastructure for its clients. The CyrusOne National IX Platform (the National IX Platform) delivers interconnection across states and between metro-enabled sites within the CyrusOne footprint and beyond. As of July 1, 2015, the Company had approximately 900 customers. As of July 1, 2015, the Companys property portfolio included 31 data centers across 12 markets in 10 cities in the United States, London and Singapore. The Companys facilities cover approximately 500,000 gross square feet of space, including over 130,000 colocation square feet and around 100,000 square feet of work area recovery space.

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