Is This Stock a Screaming Buy: City Office Reit, Inc. (NYSE:CIO)

Equity Research firms currently have a positive stance on shares of City Office Reit, Inc. (NYSE:CIO). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.30. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $14.75 on a short term basis.

At the time of writing, the stock was trading at $12.04. This represents a change from the opening price of -0.74%. In terms of performance, year to date, the stock is 6.66%. The monthly stock performance comes in at -7.09%. For the quarter, shares are performing at -6.66%. Weekly performance analysis shows the equity at -3.96%.

In taking a look at technical levels, shares are trading -5.92% away from the 50 day simple moving average and 2.51% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -11.88% away from it’s 52- week high and 22.65% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, City Office Reit, Inc.’s RSI stands at 34.06. In looking at volatility levels, the shares saw weekly volatility of 2.28% and 2.11% over the past month.

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