Guggenheim Upgrades InterXion Holding N.V. (INXN) to “Buy”
InterXion Holding N.V. (NYSE:INXN) was upgraded by investment analysts at Guggenheim from a “neutral” rating to a “buy” rating in a research note issued on Wednesday. The brokerage presently has a $43.00 price objective on the stock, up from their prior price objective of $38.00. Guggenheim’s target price would suggest a potential upside of 12.24% from the stock’s current price.
A number of other analysts also recently commented on the company. Zacks Investment Research downgraded InterXion Holding N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, January 4th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating on shares of InterXion Holding N.V. in a research report on Tuesday, December 20th. Finally, Pacific Crest reaffirmed a “hold” rating on shares of InterXion Holding N.V. in a research report on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $39.57.
InterXion Holding N.V. (NYSE:INXN) opened at 38.31 on Wednesday. The firm has a market capitalization of $2.70 billion, a PE ratio of 61.00 and a beta of 0.94. The firm has a 50-day moving average price of $37.71 and a 200 day moving average price of $36.65. InterXion Holding N.V. has a one year low of $28.89 and a one year high of $39.52.
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A number of institutional investors have recently made changes to their positions in the stock. Congress Asset Management Co. MA purchased a new position in shares of InterXion Holding N.V. during the fourth quarter valued at $6,144,000. GLG LLC purchased a new position in shares of InterXion Holding N.V. during the fourth quarter valued at $936,000. Zimmer Partners LP raised its position in shares of InterXion Holding N.V. by 64.5% in the fourth quarter. Zimmer Partners LP now owns 678,525 shares of the company’s stock valued at $23,796,000 after buying an additional 266,025 shares during the period. Janus Capital Management LLC raised its position in shares of InterXion Holding N.V. by 12.6% in the fourth quarter. Janus Capital Management LLC now owns 1,127,388 shares of the company’s stock valued at $39,542,000 after buying an additional 125,820 shares during the period. Finally, Fred Alger Management Inc. purchased a new position in shares of InterXion Holding N.V. during the fourth quarter valued at $8,810,000. 87.53% of the stock is owned by institutional investors and hedge funds.
InterXion Holding N.V. Company Profile
InterXion Holding N.V. is a provider of carrier and cloud neutral colocation data center services in Europe. The Company operates through two segments: France, Germany, The Netherlands and UK, and rest of Europe, which consists of its operations in Austria, Belgium, Denmark, Ireland, Spain, Sweden and Switzerland.
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