FinnCap Reaffirms Corporate Rating for CityFibre Infrastructure (CITY)

FinnCap reaffirmed their corporate rating on shares of CityFibre Infrastructure (LON:CITY) in a report issued on Thursday. The brokerage currently has a GBX 90 ($1.21) price target on the stock.

Several other equities research analysts have also recently weighed in on the stock. Peel Hunt upgraded shares of CityFibre Infrastructure to a buy rating and set a GBX 52 ($0.70) price objective for the company in a research report on Thursday, November 9th. Macquarie reissued an outperform rating on shares of CityFibre Infrastructure in a research note on Wednesday, September 6th. Liberum Capital reissued a buy rating and set a GBX 80 ($1.08) target price on shares of CityFibre Infrastructure in a research note on Thursday, November 9th. Finally, Numis Securities reissued a sell rating and set a GBX 30 ($0.40) target price on shares of CityFibre Infrastructure in a research note on Monday, December 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of GBX 80 ($1.08).

Shares of CityFibre Infrastructure (LON CITY) opened at GBX 60 ($0.81) on Thursday. CityFibre Infrastructure has a twelve month low of GBX 41 ($0.55) and a twelve month high of GBX 71 ($0.96). The firm has a market cap of $379.59 and a P/E ratio of -1,500.00.

CityFibre Infrastructure (LON:CITY) last issued its quarterly earnings data on Thursday, September 28th. The company reported GBX (2) (($0.03)) EPS for the quarter. CityFibre Infrastructure had a negative net margin of 65.52% and a negative return on equity of 11.15%. The company had revenue of GBX 904 million during the quarter.

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CityFibre Infrastructure Company Profile

CityFibre Infrastructure Holdings plc is a provider of wholesale fiber optic infrastructure. The Company designs, builds and operates pure-fiber networks across the United Kingdom. The Company’s operations relate to the management of transformational fiber optic infrastructure. Its solutions include Fibre-to-the-Premises, Metro Fibre Networks, Fibre-to-the-Tower and Fibre-to-the-Home.

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