Cogent Communications Holdings, Inc. (CCOI) PT Raised to $51.00

Cogent Communications Holdings, Inc. (NASDAQ:CCOI) had its price objective boosted by equities research analysts at Deutsche Bank AG from $48.00 to $51.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “buy” rating on the technology company’s stock. Deutsche Bank AG’s price objective would indicate a potential upside of 5.37% from the stock’s current price.

A number of other brokerages also recently commented on CCOI. Wells Fargo & Company downgraded shares of Cogent Communications Holdings from an “outperform” rating to a “market perform” rating and increased their price target for the company from $46.00 to $48.00 in a report on Monday. Zacks Investment Research raised shares of Cogent Communications Holdings from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Monday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $48.00 price target on shares of Cogent Communications Holdings in a report on Monday, September 18th. Off Wall Street assumed coverage on shares of Cogent Communications Holdings in a report on Monday, July 31st. They issued a “sell” rating and a $29.00 price target for the company. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $42.00 price target on shares of Cogent Communications Holdings in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. Cogent Communications Holdings currently has an average rating of “Hold” and an average price target of $44.23.

Shares of Cogent Communications Holdings (NASDAQ:CCOI) traded up 1.03% during midday trading on Tuesday, reaching $48.90. The company’s stock had a trading volume of 41,191 shares. Cogent Communications Holdings has a 12 month low of $34.30 and a 12 month high of $51.85. The company’s 50-day moving average price is $47.03 and its 200-day moving average price is $43.17. The company has a market cap of $2.19 billion, a PE ratio of 139.71 and a beta of 0.66.

Cogent Communications Holdings (NASDAQ:CCOI) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). Cogent Communications Holdings had a net margin of 3.39% and a negative return on equity of 27.66%. The company had revenue of $119.80 million for the quarter, compared to the consensus estimate of $120.23 million. During the same period last year, the company earned $0.09 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities analysts anticipate that Cogent Communications Holdings will post $0.47 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Cogent Communications Holdings, Inc. (CCOI) PT Raised to $51.00” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://ledgergazette.com/2017/10/10/cogent-communications-holdings-inc-ccoi-pt-raised-to-51-00.html.

In related news, Director Steven D. Brooks sold 10,000 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $43.25, for a total value of $432,500.00. Following the sale, the director now directly owns 26,400 shares of the company’s stock, valued at approximately $1,141,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy G. Oneill sold 1,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $41.95, for a total transaction of $41,950.00. Following the completion of the sale, the vice president now directly owns 42,052 shares in the company, valued at $1,764,081.40. The disclosure for this sale can be found here. Insiders sold a total of 31,466 shares of company stock worth $1,422,354 over the last three months. 9.48% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Gilder Gagnon Howe & Co. LLC raised its position in Cogent Communications Holdings by 0.5% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 7,186 shares of the technology company’s stock worth $288,000 after purchasing an additional 38 shares during the period. Pinebridge Investments L.P. raised its position in Cogent Communications Holdings by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,395 shares of the technology company’s stock worth $217,000 after purchasing an additional 53 shares during the period. Aperio Group LLC raised its position in Cogent Communications Holdings by 1.1% in the 2nd quarter. Aperio Group LLC now owns 9,168 shares of the technology company’s stock worth $368,000 after purchasing an additional 99 shares during the period. Arizona State Retirement System raised its position in Cogent Communications Holdings by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 21,400 shares of the technology company’s stock worth $858,000 after purchasing a

A number of other brokerages also recently commented on CCOI. Wells Fargo & Company downgraded shares of Cogent Communications Holdings from an “outperform” rating to a “market perform” rating and increased their price target for the company from $46.00 to $48.00 in a report on Monday. Zacks Investment Research raised shares of Cogent Communications Holdings from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a report on Monday. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $48.00 price target on shares of Cogent Communications Holdings in a report on Monday, September 18th. Off Wall Street assumed coverage on shares of Cogent Communications Holdings in a report on Monday, July 31st. They issued a “sell” rating and a $29.00 price target for the company. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $42.00 price target on shares of Cogent Communications Holdings in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. Cogent Communications Holdings currently has an average rating of “Hold” and an average price target of $44.23.

Shares of Cogent Communications Holdings (NASDAQ:CCOI) traded up 1.03% during midday trading on Tuesday, reaching $48.90. The company’s stock had a trading volume of 41,191 shares. Cogent Communications Holdings has a 12 month low of $34.30 and a 12 month high of $51.85. The company’s 50-day moving average price is $47.03 and its 200-day moving average price is $43.17. The company has a market cap of $2.19 billion, a PE ratio of 139.71 and a beta of 0.66.

Cogent Communications Holdings (NASDAQ:CCOI) last released its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). Cogent Communications Holdings had a net margin of 3.39% and a negative return on equity of 27.66%. The company had revenue of $119.80 million for the quarter, compared to the consensus estimate of $120.23 million. During the same period last year, the company earned $0.09 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. On average, equities analysts anticipate that Cogent Communications Holdings will post $0.47 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Cogent Communications Holdings, Inc. (CCOI) PT Raised to $51.00” was first posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at https://ledgergazette.com/2017/10/10/cogent-communications-holdings-inc-ccoi-pt-raised-to-51-00.html.

In related news, Director Steven D. Brooks sold 10,000 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $43.25, for a total value of $432,500.00. Following the sale, the director now directly owns 26,400 shares of the company’s stock, valued at approximately $1,141,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy G. Oneill sold 1,000 shares of the stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $41.95, for a total transaction of $41,950.00. Following the completion of the sale, the vice president now directly owns 42,052 shares in the company, valued at $1,764,081.40. The disclosure for this sale can be found here. Insiders sold a total of 31,466 shares of company stock worth $1,422,354 over the last three months. 9.48% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Gilder Gagnon Howe & Co. LLC raised its position in Cogent Communications Holdings by 0.5% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 7,186 shares of the technology company’s stock worth $288,000 after purchasing an additional 38 shares during the period. Pinebridge Investments L.P. raised its position in Cogent Communications Holdings by 1.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 5,395 shares of the technology company’s stock worth $217,000 after purchasing an additional 53 shares during the period. Aperio Group LLC raised its position in Cogent Communications Holdings by 1.1% in the 2nd quarter. Aperio Group LLC now owns 9,168 shares of the technology company’s stock worth $368,000 after purchasing an additional 99 shares during the period. Arizona State Retirement System raised its position in Cogent Communications Holdings by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 21,400 shares of the technology company’s stock worth $858,000 after purchasing an additional 100 shares during the period. Finally, Laurion Capital Management LP raised its position in Cogent Communications Holdings by 1.3% in the 2nd quarter. Laurion Capital Management LP now owns 8,000 shares of the technology company’s stock worth $321,000 after purchasing an additional 100 shares during the period. 93.48% of the stock is currently owned by institutional investors.

About Cogent Communications Holdings

Cogent Communications Holdings, Inc is a facilities-based provider of Internet access and Internet Protocol (IP), communications services. The Company’s network is specifically designed and optimized to transmit data using IP. The Company delivers its services primarily to small and medium-sized businesses, communications service providers and other bandwidth-intensive organizations in North America, Europe and in Japan.

Analyst Recommendations for Cogent Communications Holdings (NASDAQ:CCOI)

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