CyrusOne (NASDAQ:CONE) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday, December 29th.
CONE has been the subject of several other reports. William Blair began coverage on shares of CyrusOne in a research report on Friday, September 22nd. They set an “outperform” rating for the company. KeyCorp reaffirmed a “hold” rating on shares of CyrusOne in a research report on Tuesday, September 12th. Stifel Nicolaus reiterated a “buy” rating and set a $66.00 price target on shares of CyrusOne in a research note on Thursday, September 14th. Cowen reiterated a “buy” rating and set a $78.00 price target on shares of CyrusOne in a research note on Wednesday, November 1st. Finally, Jefferies Group reiterated a “buy” rating and set a $69.00 price target on shares of CyrusOne in a research note on Monday, October 16th. Three analysts have rated the stock with a sell rating, two have given a hold rating and twelve have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $64.15.
Shares of CyrusOne (NASDAQ:CONE) opened at $55.26 on Friday. The stock has a market cap of $5,045.73, a price-to-earnings ratio of -56.97, a PEG ratio of 0.88 and a beta of 0.79. CyrusOne has a 1 year low of $46.41 and a 1 year high of $65.73. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.48 and a current ratio of 0.48.
In other CyrusOne news, insider Venkatesh S. Durvasula sold 13,500 shares of CyrusOne stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $60.20, for a total value of $812,700.00. Following the transaction, the insider now directly owns 214,063 shares in the company, valued at $12,886,592.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.64% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. IFP Advisors Inc increased its stake in CyrusOne by 232.6% in the third quarter. IFP Advisors Inc now owns 1,713 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 1,198 shares during the period. Benjamin F. Edwards & Company Inc. increased its stake in shares of CyrusOne by 3,032.8% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,911 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 1,850 shares during the period. Almanack Investment Partners LLC. acquired a new position in shares of CyrusOne during the second quarter worth about $124,000. Public Employees Retirement Association of Colorado increased its stake in shares of CyrusOne by 21.6% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,725 shares of the real estate investment trust’s stock worth $152,000 after acquiring an additional 484 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in shares of CyrusOne by 32.9% during the second quarter. PNC Financial Services Group Inc. now owns 3,031 shares of the real estate investment trust’s stock worth $169,000 after acquiring an additional 751 shares during the period. Institutional investors own 96.67% of the company’s stock.
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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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