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Upgrade Alert for Coresite Realty Corp (COR)

By Amy Schwartz

Coresite Realty Corp (NYSE:COR) was upgraded from Sell to Hold at Stifel today. The stock closed yesterday at $74.00 on volume of 457,000 shares, above average daily volume of 332,000.

Coresite Realty Corp share prices have moved between a 52-week high of $91.91 and a 52-week low of $44.51 and closed yesterday at 66% above that low price at $74.00 per share. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.5%.

Coresite Realty Corporation develops, owns and operates data centers in the United States. The data centers include ample and redundant power and advanced cooling and security systems, and many are points of dense network interconnection.

Coresite Realty Corp (NYSE:COR) is currently priced 15.5% above its average consensus analyst price target of $62.56. The stock should find initial support at its 50-day moving average (MA) of $69.50 and further support at its 200-day MA of $58.73.

SmarTrend recommended that its subscribers protect gains by selling shares of Coresite Realty Corp on July 14th, 2016 by issuing a Downtrend alert when the shares were trading at $84.86. Since that call, shares of Coresite Realty Corp have fallen 12.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: analyst upgrades/downgrades coresite realty corp

Ticker(s): COR