Csquare (NYSE:CSQR) Hits New 1-Year Low – Here’s Why

Csquare, Inc. (NYSE:CSQR)’s share price hit a new 52-week low on Thursday . The company traded as low as $17.71 and last traded at $17.71, with a volume of 67118 shares changing hands. The stock had previously closed at $17.96.

Analyst Upgrades and Downgrades

Several brokerages have commented on CSQR. BMO Capital Markets assumed coverage on Csquare in a research note on Monday, August 10th. They set an “outperform” rating and a $26.00 price target for the company. Scotiabank upgraded Csquare to a “strong-buy” rating in a report on Wednesday, August 19th. Sanford C. Bernstein started coverage on shares of Csquare in a research report on Monday, August 10th. They set an “outperform” rating and a $27.00 target price for the company. Royal Bank Of Canada started coverage on shares of Csquare in a report on Monday, August 10th. They issued an “outperform” rating and a $24.00 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of Csquare in a research note on Monday, August 10th. They set a “neutral” rating and a $24.00 price objective for the company. Three equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Csquare presently has a consensus rating of “Buy” and an average price target of $28.44.

Csquare Stock Down 4.9%

Csquare Company Profile

Csquare Inc is a provider of carrier-neutral data center solutions. The company’s digital infrastructure platform offers carrier-neutral colocation and interconnection services which support the applications. Csquare Inc is based in COPPELL, Texas.