InterXion (INXN) Lowered to Hold at Zacks Investment Research

Zacks Investment Research cut shares of InterXion (NYSE:INXN) from a buy rating to a hold rating in a research report sent to investors on Thursday.

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 brokerages have also issued reports on INXN. BidaskClub raised shares of InterXion from a buy rating to a strong-buy rating in a report on Saturday, November 4th. SunTrust Banks reaffirmed a buy rating and set a $68.00 price objective on shares of InterXion in a report on Thursday, December 7th. Citigroup increased their price objective on shares of InterXion from $57.00 to $64.00 and gave the company a buy rating in a report on Thursday, November 2nd. Wells Fargo & Co reaffirmed an outperform rating and set a $62.00 price objective (up from $54.00) on shares of InterXion in a report on Thursday, November 2nd. Finally, Barclays increased their price objective on shares of InterXion from $56.00 to $60.00 and gave the company an overweight rating in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $57.70.

Shares of InterXion (NYSE INXN) opened at $58.53 on Thursday. The stock has a market cap of $4,174.77, a P/E ratio of 94.40, a P/E/G ratio of 5.95 and a beta of 0.56. InterXion has a fifty-two week low of $36.41 and a fifty-two week high of $59.31. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.22.

Several hedge funds and other institutional investors have recently bought and sold shares of INXN. Franklin Resources Inc. bought a new position in shares of InterXion during the 2nd quarter valued at approximately $72,151,000. Janus Henderson Group PLC bought a new position in shares of InterXion during the 2nd quarter valued at approximately $35,699,000. Wasatch Advisors Inc. bought a new position in shares of InterXion during the 3rd quarter valued at approximately $32,552,000. Westfield Capital Management Co. LP boosted its position in shares of InterXion by 49.6% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,174,316 shares of the technology company’s stock valued at $59,808,000 after acquiring an additional 389,315 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of InterXion by 7.0% during the 3rd quarter. Principal Financial Group Inc. now owns 3,870,675 shares of the technology company’s stock valued at $197,134,000 after acquiring an additional 253,658 shares during the last quarter. Hedge funds and other institutional investors own 86.45% of the company’s stock.

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InterXion Company Profile

InterXion Holding N.V. is a provider of carrier and cloud neutral colocation data center services in Europe. The Company operates through two segments: France, Germany, The Netherlands and UK, and rest of Europe, which consists of its operations in Austria, Belgium, Denmark, Ireland, Spain, Sweden and Switzerland.

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