GDS (GDS) Coverage Initiated by Analysts at SunTrust Banks
SunTrust Banks assumed coverage on shares of GDS (NASDAQ:GDS) in a research note released on Tuesday morning, The Fly reports. The brokerage issued a buy rating on the stock.
GDS has been the subject of a number of other reports. Credit Suisse Group upgraded GDS from an underperform rating to a neutral rating in a research note on Wednesday, May 23rd. BidaskClub downgraded GDS from a strong-buy rating to a buy rating in a research note on Friday, June 1st. Guggenheim began coverage on GDS in a research note on Thursday, June 14th. They set a buy rating and a $50.00 price objective for the company. Zacks Investment Research downgraded GDS from a hold rating to a sell rating in a research note on Monday, July 2nd. Finally, Raymond James began coverage on GDS in a research note on Thursday, July 12th. They set a strong-buy rating and a $53.00 price objective for the company. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. GDS currently has an average rating of Buy and an average target price of $40.59.
GDS stock opened at $33.65 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 1.78. The company has a market cap of $4.08 billion, a P/E ratio of -65.98 and a beta of 2.37. GDS has a 12-month low of $10.75 and a 12-month high of $46.18.
GDS Company Profile
GDS Holdings Limited, together with its subsidiaries, designs, builds, and operates data centers in the People's Republic of China. The company provides colocation, managed hosting, and managed cloud services. Its data centers service customers that primarily operate in the Internet and banking industries in Shanghai, Beijing, Shenzhen, Guangzhou, and Chengdu.
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