In a report released on September 1, Bora Lee from RBC Capital maintained a Buy rating on Cogent Comms (CCOI – Research Report), with a price target of $74.00. The company’s shares closed last Friday at $71.31.
According to TipRanks, Lee is ranked #5581 out of 8498 analysts.
In addition to RBC Capital, Cogent Comms also received a Buy from Citi’s Michael Rollins in a report issued on August 18. However, on August 21, Goldman Sachs upgraded Cogent Comms (NASDAQ: CCOI) to a Hold.
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The company has a one-year high of $72.87 and a one-year low of $44.04. Currently, Cogent Comms has an average volume of 361.3K.
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CCOI in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Cogent Communications Holdings, Inc. engages in the provision of internet access and Internet Protocol communications services. It offers internet access and data transport through its fiber optic, IP data-only network, ethernet transport, and colocation services. The company was founded by David Schaeffer in August 1999 and is headquartered in Washington, DC.
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