Csquare (NYSE:CSQR) Shares Up 4.4% – Here’s What Happened

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

Analysts Set New Price Targets

Several brokerages recently weighed in on CSQR. Wall Street Zen raised shares of Csquare to a “hold” rating in a research note on Saturday, July 25th. Scotiabank raised shares of Csquare to a “strong-buy” rating in a research note on Wednesday, August 19th. Jefferies Financial Group upgraded shares of Csquare to a “strong-buy” rating in a report on Friday, August 14th. Zacks Research raised shares of Csquare to a “hold” rating in a research report on Thursday, August 20th. Finally, BMO Capital Markets began coverage on shares of Csquare in a research note on Monday, August 10th. They set an “outperform” rating and a $26.00 price objective on the stock. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $28.44.

Csquare Price Performance

The business has a 50-day moving average price of $20.16.

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.