Telecity (UNKNOWN:TLEIY) Receives a Downgrade
RBC Capital Markets has cut the rating for shares of Telecity (UNKNOWN:TLEIY) to a solid “Sector Perform” in a note published on Tuesday morning. TLEIY’s previous rating by the firm was a “Outperform”.
The stock closed the day at $36.5 during the previous session. It is down 30.59% since April 28, 2015 and is uptrending. It has outperformed by 32.21% the S&P500.
According to Zacks Investment Research, “TelecityGroup provides premium carrier-neutral data centres, operating facilities in city locations across Europe. Its data centres provide secure and highly-connected environments for the IT and telecoms equipment that powers the digital economy. The company offers hosting services, support services, information technology infrastructure design and consulting services, network services, including Internet and intersite connectivity services, and Internet security services comprising managed firewalls, intrusion detection and prevention, and distributed denial of service mitigation services. TelecityGroup is headquartered in London, the United Kingdom.” Get a free copy of the Zacks research report on TELECITY GROUP PLC (TLEIY)