News stories about Cogent Communications (NASDAQ:CCOI) have trended somewhat positive on Wednesday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cogent Communications earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 47.1947163956889 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Shares of Cogent Communications (CCOI) opened at $42.90 on Wednesday. Cogent Communications has a 52 week low of $37.85 and a 52 week high of $54.85. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of -8.84. The firm has a market capitalization of $1,970.00, a PE ratio of 122.57, a PEG ratio of 5.90 and a beta of 0.49.
A number of equities analysts have recently issued reports on CCOI shares. Zacks Investment Research upgraded Cogent Communications from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Monday, January 15th. Citigroup cut Cogent Communications from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $43.00 to $39.00 in a report on Thursday, November 2nd. BidaskClub lowered Cogent Communications from a “hold” rating to a “sell” rating in a research note on Friday, January 26th. Raymond James Financial reissued an “underperform” rating on shares of Cogent Communications in a research note on Friday, November 3rd. Finally, Jefferies Group boosted their target price on Cogent Communications from $39.00 to $43.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Cogent Communications presently has a consensus rating of “Hold” and a consensus price target of $42.27.
In other Cogent Communications news, VP Robert N. Beury, Jr. sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $46.51, for a total transaction of $139,530.00. Following the completion of the transaction, the vice president now owns 47,240 shares of the company’s stock, valued at approximately $2,197,132.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Marc Montagner sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $47.00, for a total value of $235,000.00. Following the transaction, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $1,880,000. The disclosure for this sale can be found here. In the last three months, insiders sold 13,250 shares of company stock valued at $611,435. 9.48% of the stock is currently owned by corporate insiders.
Cogent Communications Company Profile
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.
Receive News & Ratings for Cogent Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cogent Communications and related companies with MarketBeat.com's FREE daily email newsletter.