QTS Realty Trust (QTS) Receives Price Target

QTS Realty Trust (QTS) : The consensus price target for QTS Realty Trust (QTS) is $59.25 for the short term with a standard deviation of $5.68. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $65, however, the pessimist price target for the company is $49.

QTS Realty Trust (QTS) has an average broker rating of 1.7, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 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.


Also, Major Brokerage house, Jefferies maintains its ratings on QTS Realty Trust (NYSE:QTS). In the latest research report, Jefferies lowers the target price from $65 per share to $63 per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on August 11, 2016.

QTS Realty Trust (NYSE:QTS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.11 and $53.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $54.44. The buying momentum continued till the end and the stock did not give up its gains. It closed at $54.28, notching a gain of 0.17% for the day. The total traded volume was 271,744 . The stock had closed at $54.19 on the previous day.

QTS Realty Trust, Inc. (QTS) is an owner, developer and operator of carrier-neutral and multi-tenant data centers. The Companys data centers are facilities that house the network and computer equipment of multiple customers and provide access to a range of communications carriers. The Company has an integrated platform through which it owns and operates its data centers and provides a range of IT infrastructure solutions. Its spectrum of core data center products referred to as 3Cs, which consists of Custom Data Center, Colocation and Cloud and Managed Services. The Company operates a portfolio of over 12 data centers across approximately eight states. The Companys data centers facilities used by its customers to house, power and cool the networking equipment and computer systems that support their business processes. QTSs customers include financial institutions, healthcare companies, Government agencies, communications service providers, software companies and Internet companies.

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