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.
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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.
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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.