GDS Holdings Ltd -‘s (NYSE:GDS) “Buy” Rating Reaffirmed at Royal Bank of Canada

Royal Bank of Canada restated their buy rating on shares of GDS Holdings Ltd – (NYSE:GDS) in a research note issued to investors on Friday. Royal Bank of Canada currently has a $14.00 price objective on the stock.

GDS Holdings Ltd – (GDS) traded up 4.76% during midday trading on Friday, reaching $8.59. The company had a trading volume of 116,353 shares. GDS Holdings Ltd – has a one year low of $6.90 and a one year high of $10.76. The company has a 50-day moving average price of $8.02 and a 200-day moving average price of $8.20. The stock’s market capitalization is $816.06 million.

GDS Holdings Ltd – (NYSE:GDS) last released its quarterly earnings results on Tuesday, May 9th. The company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.07. The business had revenue of $50.86 million during the quarter. On average, equities analysts expect that GDS Holdings Ltd – will post ($0.47) earnings per share for the current year.

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GDS Holdings Ltd – Company Profile

GDS Holdings Ltd is a developer and operator of data centers in China. The Company is engaged in design, build-out and operation of data centers. It operates as a carrier and cloud neutral, which enables its customers to connect to all the People’s Republic of China telecommunications carriers, and to access a number of the People’s Republic of China cloud service providers, whom it hosts in its facilities.

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