Cogent Comms Receives a New Rating from Top Analyst

By Austin Angelo

RBC Capital analyst Jonathan Atkin reiterated a Buy rating on Cogent Comms (NASDAQ: CCOI) today and set a price target of $45. The company’s shares opened today at $39.25.

According to TipRanks.com, Atkin is a top 25 analyst with an average return of 16.5% and a 84.5% success rate. Atkin covers the Technology sector, focusing on stocks such as Frontier Communications Corporation, Interxion Holding NV, and Zayo Group Holdings.

Cogent Comms has an analyst consensus of Moderate Buy, with a price target consensus of $41.

The company has a one year high of $45.25 and a one year low of $34.23. Currently, Cogent Comms has an average volume of 302K.

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. Earlier this month, BUBECK JAMES, the Chief Revenue Officer of CCOI sold 400 shares for a total of $16,673.

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, along with collocation in any of its Internet data centers. The company was founded by David Schaeffer in August 1999 and is headquartered in Washington, DC.