Csquare (NYSE:CSQR) Stock Price Up 4.4% – Still a Buy?

Csquare, Inc. (NYSE:CSQR) was up 4.4% on Tuesday . The company traded as high as $18.14 and last traded at $18.08. Approximately 451,624 shares traded hands during trading, a decline of 63% from the average daily volume of 1,232,749 shares. The stock had previously closed at $17.31.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Wall Street Zen raised Csquare to a “hold” rating in a report on Saturday, July 25th. Morgan Stanley started coverage on Csquare in a research report on Monday, August 10th. They issued an “overweight” rating and a $26.00 price target on the stock. Wells Fargo & Company initiated coverage on Csquare in a report on Monday, August 10th. They set an “overweight” rating and a $25.00 price objective for the company. Scotiabank upgraded shares of Csquare to a “strong-buy” rating in a research note on Wednesday, August 19th. Finally, Zacks Research upgraded shares of Csquare to a “hold” rating in a research report on Thursday, August 20th. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Csquare has a consensus rating of “Buy” and a consensus price target of $28.44.

Csquare Price Performance

The stock has a 50 day simple moving average of $20.27.

Csquare Company Profile

Csquare Inc is a provider of carrier-neutral data center solutions. The company’s digital infrastructure platform offers carrier-neutral colocation and interconnection services which support the applications. Csquare Inc is based in COPPELL, Texas.