Csquare (NYSE:CSQR) Shares Up 6% – Should You Buy?

Csquare, Inc. (NYSE:CSQR) shares were up 6% on Thursday. The stock traded as high as $16.77 and last traded at $16.76. Approximately 298,735 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 1,472,241 shares. The stock had previously closed at $15.81.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CSQR. Wall Street Zen upgraded shares of Csquare to a “hold” rating in a research report on Saturday, July 25th. Jefferies Financial Group raised shares of Csquare to a “strong-buy” rating in a report on Friday, August 14th. JPMorgan Chase & Co. started coverage on shares of Csquare in a research report on Monday, August 10th. They issued a “neutral” rating and a $24.00 price objective for the company. Wells Fargo & Company began coverage on Csquare in a report on Monday, August 10th. They set an “overweight” rating and a $25.00 price objective on the stock. Finally, Morgan Stanley initiated coverage on Csquare in a research report on Monday, August 10th. They issued an “overweight” rating and a $26.00 price objective on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Csquare currently has an average rating of “Buy” and a consensus target price of $28.44.

Csquare Price Performance

The business has a fifty day moving average price of $19.54.

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.