CyrusOne Inc (CONE) Receives Analyst Rating

CyrusOne Inc (CONE) : The consensus on CyrusOne Inc (CONE) based on 13 analyst recommendation on the company stock is 1.46, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

CyrusOne Inc (CONE) stock is expected to deviate a maximum of $2.5 from the average target price of $59.3 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $63 and the most muted being $56.


Also, Barclays upgrades its rating on CyrusOne Inc (NASDAQ:CONE). The global brokerage major raises the current price target from $50 per share to $57 per share. Analysts at the Barclays have a current rating of Overweight on the shares. The shares were previously rated Equal-weight. The rating by the firm was issued on August 18, 2016.

CyrusOne Inc (NASDAQ:CONE): After opening at $48.63, the stock dipped to an intraday low of $48.2 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $48.92 and the buying power remained strong till the end. The stock closed at $48.76 for the day, a gain of 0.29% for the day session. The total traded volume was 859,041. The stocks close on the previous trading day was $48.62.

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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