RBC Capital Sticks to Its Hold Rating for Cogent Comms (CCOI)

RBC Capital analyst Bora Lee maintained a Hold rating on Cogent Comms (CCOI) today and set a price target of $50. The company’s shares opened today at $50.85.

According to TipRanks.com, Lee is ranked #3144 out of 5205 analysts.

Cogent Comms has an analyst consensus of Moderate Buy, with a price target consensus of $54.67, implying a 7.5% upside from current levels. In a report issued on February 12, Guggenheim also maintained a Hold rating on the stock.

See today’s analyst top recommended stocks >>

The company has a one-year high of $57.65 and a one-year low of $41.11. Currently, Cogent Comms has an average volume of 297.6K.

Based on the recent corporate insider activity of 62 insiders, corporate insider sentiment is negative on the stock.

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.