Zacks Investment Research upgraded shares of InterXion Holding NV (NYSE:INXN) from a sell rating to a hold rating in a report released on Monday morning.

According to Zacks, “Interxion Holding N.V. operates as a provider of carrier-neutral colocation data center services in Europe. The Company’s data centre facilitates processing, storage, sharing and distribution of data, content, applications and media among carriers and customers. Its carrier-neutral colocation services includes space, power, cooling to house its customers’ computing, network, storage and IT infrastructure. Additionally, Interxion also offers network monitoring, remote monitoring of customer equipment, systems management, engineering support services, cross connects, data backup and storage. The Company’s data centres are located in London, Frankfurt, Paris, Amsterdam and Madrid, the main data center markets in Europe. Interxion Holding N.V. is headquartered in Schiphol-Rijk, the Netherlands. “

Analyst Recommendations for InterXion Holding NV (NYSE:INXN)

Several other brokerages also recently commented on INXN. Jefferies Group downgraded InterXion Holding NV from a buy rating to a hold rating in a research note on Monday, June 13th. Wells Fargo & Co. upgraded InterXion Holding NV from a market perform rating to an outperform rating in a research note on Tuesday, May 31st. They noted that the move was a valuation call. Finally, SunTrust Banks Inc. began coverage on InterXion Holding NV in a research note on Thursday, July 21st. They set a buy rating and a $45.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $36.80.

InterXion Holding NV (NYSE:INXN) opened at 37.11 on Monday. InterXion Holding NV has a 1-year low of $26.14 and a 1-year high of $38.72. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 56.06 and a beta of 1.07. The firm’s 50-day moving average price is $37.27 and its 200 day moving average price is $35.95.

InterXion Holding NV (NYSE:INXN) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The company had revenue of $104.03 million for the quarter, compared to analyst estimates of $104.18 million. InterXion Holding NV had a return on equity of 7.79% and a net margin of 10.35%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period last year, the firm earned $0.31 EPS. On average, analysts predict that InterXion Holding NV will post $0.62 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. bought a new stake in InterXion Holding NV during the second quarter worth $111,000. Glenmede Trust Co. NA bought a new stake in InterXion Holding NV during the second quarter worth $113,000. Advisor Group Inc. bought a new stake in InterXion Holding NV during the second quarter worth $121,000. FineMark National Bank & Trust increased its stake in InterXion Holding NV by 0.3% in the second quarter. FineMark National Bank & Trust now owns 4,514 shares of the company’s stock worth $167,000 after buying an additional 14 shares during the last quarter. Finally, Bank of Montreal Can bought a new stake in InterXion Holding NV during the second quarter worth $174,000. Hedge funds and other institutional investors own 85.28% of the company’s stock.

About InterXion Holding NV

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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