Equinix (EQIX) Receives a Hold from Morgan Stanley

In a report released today, Simon Flannery from Morgan Stanley maintained a Hold rating on Equinix (EQIXResearch Report), with a price target of $732.00. The company’s shares closed last Monday at $649.48, close to its 52-week low of $606.12.

According to TipRanks.com, Flannery is a 4-star analyst with an average return of 6.8% and a 63.8% success rate. Flannery covers the Technology sector, focusing on stocks such as Frontier Communications Parent, Verizon, and AT&T.

Equinix has an analyst consensus of Strong Buy, with a price target consensus of $793.08.

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The company has a one-year high of $885.26 and a one-year low of $606.12. Currently, Equinix has an average volume of 523.2K.

Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EQIX in relation to earlier this year.

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Founded in 1998, Equinix, Inc. is a California-based digital infrastructure company which provides collocation space and develops data center solutions. The company offers secure key management, consulting, network virtualization, customer support, and managed services. It operates through the following geographical segments: Americas, Europe, Middle East & Africa and Asia-Pacific.

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