CyrusOne (NASDAQ:CONE) Downgraded by Zacks Investment Research to “Sell”

CyrusOne (NASDAQ:CONE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday, January 9th.

According to Zacks, “CyrusOne Inc. is a real estate investment trust engaged in providing enterprise data centre colocation, engineering facilities with the highest power redundancy (2N architecture) and power-density infrastructure services in the United States, Europe, and Asia. CyrusOne Inc. is headquartered in Carrollton, United States. “

Several other research firms have also issued reports on CONE. KeyCorp reaffirmed a “hold” rating on shares of CyrusOne in a research note on Tuesday, September 12th. Deutsche Bank reaffirmed a “buy” rating and issued a $71.00 price objective on shares of CyrusOne in a research note on Friday, November 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $66.00 price objective on shares of CyrusOne in a research note on Thursday, September 14th. ValuEngine lowered CyrusOne from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Finally, Morgan Stanley raised their price target on CyrusOne from $63.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, November 17th. 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. The company has a consensus rating of “Buy” and a consensus price target of $66.92.

Shares of CyrusOne (NASDAQ:CONE) opened at $56.93 on Tuesday. The stock has a market capitalization of $5,267.62 and a PE ratio of 19.49. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.48 and a current ratio of 0.48. CyrusOne has a 1 year low of $46.41 and a 1 year high of $65.73.

CyrusOne (NASDAQ:CONE) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.61) earnings per share for the quarter, missing the consensus estimate of $0.76 by ($1.37). The firm had revenue of $175.30 million for the quarter, compared to analysts’ expectations of $177.62 million. CyrusOne had a negative net margin of 13.60% and a negative return on equity of 3.23%. The business’s quarterly revenue was up 21.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.67 EPS. analysts forecast that CyrusOne will post 3.08 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. CIBC World Markets Inc. purchased a new position in shares of CyrusOne in the 4th quarter valued at $248,000. Engineers Gate Manager LP purchased a new position in shares of CyrusOne in the 4th quarter valued at $1,304,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of CyrusOne by 206.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,849 shares of the real estate investment trust’s stock valued at $1,003,000 after acquiring an additional 11,355 shares during the period. Mutual of America Capital Management LLC increased its holdings in shares of CyrusOne by 3.4% in the 4th quarter. Mutual of America Capital Management LLC now owns 75,993 shares of the real estate investment trust’s stock valued at $4,524,000 after acquiring an additional 2,496 shares during the period. Finally, Three Peaks Capital Management LLC purchased a new position in shares of CyrusOne in the 4th quarter valued at $4,713,000. Institutional investors and hedge funds own 96.62% of the company’s stock.

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CyrusOne Company Profile

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.

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