RBC Capital Keeps Their Hold Rating on Cogent Comms (CCOI)

By Jason Carr

In a report released today, Bora Lee from RBC Capital maintained a Hold rating on Cogent Comms (CCOIResearch Report), with a price target of $65.00. The company’s shares closed last Monday at $63.54, close to its 52-week high of $64.91.

According to TipRanks.com, Lee is ranked #2738 out of 5679 analysts.

Cogent Comms has an analyst consensus of Hold, with a price target consensus of $65.00.

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The company has a one-year high of $64.91 and a one-year low of $42.40. Currently, Cogent Comms has an average volume of 275K.

Based on the recent corporate insider activity of 77 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.

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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.