CyrusOne (CONE) Lowered to “Strong Sell” at BidaskClub

BidaskClub downgraded shares of CyrusOne (NASDAQ:CONE) from a sell rating to a strong sell rating in a research note published on Saturday.

A number of other brokerages have also recently commented on CONE. Deutsche Bank reissued a buy rating and issued a $71.00 price objective on shares of CyrusOne in a research note on Friday, November 10th. Barclays reissued a buy rating and issued a $69.00 price objective on shares of CyrusOne in a research note on Friday, January 19th. Zacks Investment Research cut shares of CyrusOne from a hold rating to a sell rating in a research note on Tuesday, January 9th. Mitsubishi UFJ Financial Group raised shares of CyrusOne from a neutral rating to an overweight rating in a research note on Tuesday, October 31st. Finally, ValuEngine cut shares of CyrusOne from a buy rating to a hold rating in a research note on Friday, December 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company. CyrusOne has an average rating of Buy and a consensus price target of $66.92.

Shares of CyrusOne (NASDAQ:CONE) opened at $52.08 on Friday. The company has a market cap of $4,755.37, a PE ratio of -53.69, a P/E/G ratio of 0.84 and a beta of 0.70. CyrusOne has a 12 month low of $46.41 and a 12 month high of $65.73. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.56.

Several institutional investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC acquired a new stake in shares of CyrusOne during the 4th quarter worth about $3,439,000. LPL Financial LLC acquired a new stake in shares of CyrusOne during the 4th quarter worth about $284,000. Crestline Management LP acquired a new stake in shares of CyrusOne during the 4th quarter worth about $4,167,000. Teachers Advisors LLC boosted its stake in shares of CyrusOne by 8.4% during the 4th quarter. Teachers Advisors LLC now owns 748,433 shares of the real estate investment trust’s stock worth $44,554,000 after purchasing an additional 57,694 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of CyrusOne by 14.0% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 17,100 shares of the real estate investment trust’s stock worth $1,018,000 after purchasing an additional 2,100 shares during the last quarter. 96.92% of the stock is currently owned by institutional investors.

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About CyrusOne

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.

Analyst Recommendations for CyrusOne (NASDAQ:CONE)

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