Zacks Investment Research upgraded shares of InterXion Holding N.V. (NYSE:INXN) from a hold rating to a buy rating in a research note issued to investors on Thursday morning. Zacks Investment Research currently has $49.00 price objective on the technology company’s stock.

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. “

INXN has been the topic of a number of other research reports. Barclays PLC restated a buy rating and issued a $45.00 price target on shares of InterXion Holding N.V. in a report on Thursday, March 2nd. Stifel Nicolaus reaffirmed a buy rating on shares of InterXion Holding N.V. in a research note on Tuesday, April 25th. Oppenheimer Holdings, Inc. reaffirmed an outperform rating and issued a $44.00 target price (up previously from $40.00) on shares of InterXion Holding N.V. in a research note on Friday, March 3rd. Royal Bank Of Canada reaffirmed a buy rating and issued a $45.00 target price on shares of InterXion Holding N.V. in a research note on Friday, April 21st. Finally, Guggenheim raised InterXion Holding N.V. from a neutral rating to a buy rating and upped their target price for the company from $38.00 to $43.00 in a research note on Wednesday, February 15th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. InterXion Holding N.V. has a consensus rating of Buy and a consensus price target of $46.63.

InterXion Holding N.V. (INXN) opened at 44.19 on Thursday. InterXion Holding N.V. has a 52-week low of $32.21 and a 52-week high of $45.92. The stock has a 50 day moving average price of $44.21 and a 200 day moving average price of $39.51. The stock has a market cap of $3.19 billion, a P/E ratio of 69.59 and a beta of 0.67.

InterXion Holding N.V. (NYSE:INXN) last released its quarterly earnings results on Wednesday, May 3rd. The technology company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $113.90 million for the quarter, compared to analysts’ expectations of $112.86 million. InterXion Holding N.V. had a return on equity of 6.80% and a net margin of 9.33%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. On average, equities research analysts forecast that InterXion Holding N.V. will post $0.74 EPS for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its position in shares of InterXion Holding N.V. by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 9,235 shares of the technology company’s stock worth $366,000 after buying an additional 77 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of InterXion Holding N.V. by 0.4% in the first quarter. Gamco Investors INC. ET AL now owns 24,976 shares of the technology company’s stock worth $988,000 after buying an additional 89 shares in the last quarter. 1st Global Advisors Inc. raised its position in shares of InterXion Holding N.V. by 2.7% in the first quarter. 1st Global Advisors Inc. now owns 8,422 shares of the technology company’s stock worth $333,000 after buying an additional 218 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of InterXion Holding N.V. by 6.8% in the first quarter. BNP Paribas Arbitrage SA now owns 3,950 shares of the technology company’s stock worth $156,000 after buying an additional 250 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of InterXion Holding N.V. by 7.5% in the first quarter. Bank of Montreal Can now owns 5,064 shares of the technology company’s stock worth $200,000 after buying an additional 354 shares in the last quarter. 88.24% of the stock is currently owned by institutional investors.

InterXion Holding N.V. 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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