In a report released today, Michael Rollins from Citigroup upgraded Cogent Comms (CCOI) to Buy, with a price target of $85.00. The company’s shares closed last Monday at $75.92.
According to TipRanks.com, Rollins is a 5-star analyst with an average return of 17.1% and a 70.7% success rate. Rollins covers the Technology sector, focusing on stocks such as United States Cellular, Consolidated Comms, and Vonage Holdings.
The word on The Street in general, suggests a Hold analyst consensus rating for Cogent Comms with a $85.80 average price target.
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Cogent Comms’ market cap is currently $3.58B and has a P/E ratio of 90.90. The company has a Price to Book ratio of -15.82.
Based on the recent corporate insider activity of 71 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.
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. The company was founded by David Schaeffer in August 1999 and is headquartered in Washington, DC.
