InterXion (NYSE:INXN) Rating Increased to Hold at Zacks Investment Research

InterXion (NYSE:INXN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Saturday, Zacks.com reports.

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. “

A number of other equities research analysts have also weighed in on the stock. SunTrust Banks lifted their price objective on shares of InterXion from $85.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. They noted that the move was a valuation call. Guggenheim set a $90.00 target price on shares of InterXion and gave the stock a “buy” rating in a research report on Thursday, September 12th. ValuEngine upgraded shares of InterXion from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Royal Bank of Canada restated a “buy” rating and set a $84.00 price objective on shares of InterXion in a research report on Sunday, August 11th. Finally, Wells Fargo & Co lowered shares of InterXion from an “outperform” rating to a “market perform” rating and set a $85.00 target price for the company. in a report on Monday, September 9th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. InterXion presently has an average rating of “Buy” and an average target price of $85.63.

INXN traded up $0.82 during trading on Friday, hitting $81.67. 2,311,655 shares of the company traded hands, compared to its average volume of 666,850. The company has a market cap of $6.52 billion, a PE ratio of 123.74, a P/E/G ratio of 12.26 and a beta of 0.93. The stock’s 50-day simple moving average is $83.36 and its two-hundred day simple moving average is $77.23. InterXion has a 1 year low of $50.05 and a 1 year high of $102.66. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 2.51.

Several hedge funds have recently bought and sold shares of the stock. NEXT Financial Group Inc grew its stake in InterXion by 13.8% during the 2nd quarter. NEXT Financial Group Inc now owns 1,228 shares of the technology company’s stock worth $93,000 after buying an additional 149 shares during the last quarter. Aperio Group LLC increased its position in InterXion by 1.6% in the 2nd quarter. Aperio Group LLC now owns 13,129 shares of the technology company’s stock worth $999,000 after purchasing an additional 210 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of InterXion by 1.7% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 22,269 shares of the technology company’s stock valued at $1,814,000 after acquiring an additional 381 shares during the last quarter. Flinton Capital Management LLC increased its holdings in shares of InterXion by 215.4% during the 2nd quarter. Flinton Capital Management LLC now owns 656 shares of the technology company’s stock valued at $50,000 after acquiring an additional 448 shares during the last quarter. Finally, LPL Financial LLC grew its holdings in InterXion by 4.9% in the 2nd quarter. LPL Financial LLC now owns 11,531 shares of the technology company’s stock valued at $877,000 after buying an additional 537 shares during the last quarter. 92.81% of the stock is currently owned by institutional investors and hedge funds.

About InterXion

InterXion Holding N.V. provides carrier and cloud-neutral colocation data center services in France, Germany, the Netherlands, the United Kingdom, Austria, Belgium, Denmark, Ireland, Spain, Sweden, and Switzerland. The company enables its customers to connect to a range of telecommunications carriers, cloud platforms, Internet service providers, and other customers.

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