Numis Securities Reaffirms “Sell” Rating for CityFibre Infrastructure (CITY)

Numis Securities restated their sell rating on shares of CityFibre Infrastructure (LON:CITY) in a research note released on Monday morning. They currently have a GBX 30 ($0.40) price objective on the stock.

CITY has been the topic of a number of other reports. Macquarie reissued an outperform rating and set a GBX 100 ($1.35) target price on shares of CityFibre Infrastructure in a research report on Thursday, September 14th. Peel Hunt reaffirmed an add rating and issued a GBX 62 ($0.83) price target on shares of CityFibre Infrastructure in a report on Friday, September 29th. Liberum Capital reaffirmed a buy rating and issued a GBX 80 ($1.08) price target on shares of CityFibre Infrastructure in a report on Thursday, November 9th. Finally, FinnCap reaffirmed a corporate rating and issued a GBX 90 ($1.21) price target on shares of CityFibre Infrastructure in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. CityFibre Infrastructure presently has a consensus rating of Hold and a consensus target price of GBX 80 ($1.08).

Shares of CityFibre Infrastructure (CITY) opened at GBX 56.45 ($0.76) on Monday. CityFibre Infrastructure has a twelve month low of GBX 41 ($0.55) and a twelve month high of GBX 71 ($0.96).

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

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About CityFibre Infrastructure

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.

Analyst Recommendations for CityFibre Infrastructure (LON:CITY)

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