Cogent Communications Group Inc. (NASDAQ:CCOI)‘s stock had its “outperform” rating reissued by stock analysts at William Blair in a note issued to investors on Friday.

Several other research analysts have also weighed in on the company. Off Wall Street initiated coverage on Cogent Communications Group in a research report on Monday, June 20th. They issued a “sell” rating on the stock. TheStreet lowered Cogent Communications Group from a “buy” rating to a “hold” rating in a research report on Monday, August 22nd. JPMorgan Chase & Co. initiated coverage on Cogent Communications Group in a research report on Monday, September 26th. They issued a “neutral” rating on the stock. Raymond James Financial Inc. lowered Cogent Communications Group from an “outperform” rating to a “market perform” rating in a research report on Monday, August 8th. Finally, Zacks Investment Research lowered Cogent Communications Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 6th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating to the stock. Cogent Communications Group has a consensus rating of “Hold” and a consensus target price of $42.70.

Analyst Recommendations for Cogent Communications Group (NASDAQ:CCOI)

Cogent Communications Group (NASDAQ:CCOI) opened at 34.94 on Friday. The firm has a 50 day moving average price of $35.94 and a 200-day moving average price of $38.66. Cogent Communications Group has a 12 month low of $29.20 and a 12 month high of $43.61. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 118.04 and a beta of 0.98.

Cogent Communications Group (NASDAQ:CCOI) last issued its earnings results on Thursday, August 4th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. Cogent Communications Group had a negative return on equity of 89.73% and a net margin of 3.10%. The company had revenue of $110 million for the quarter, compared to analyst estimates of $110.88 million. During the same period in the prior year, the firm posted $0.02 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. On average, equities analysts forecast that Cogent Communications Group will post $0.40 EPS for the current year.

In other Cogent Communications Group news, VP Henry W. Kilmer sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $42.15, for a total value of $42,150.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Tim Weingarten sold 2,822 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $35.57, for a total value of $100,378.54. Following the completion of the sale, the director now owns 21,479 shares of the company’s stock, valued at approximately $764,008.03. The disclosure for this sale can be found here. 9.17% of the stock is owned by company insiders.

Several hedge funds have recently made changes to their positions in the company. Texas Permanent School Fund purchased a new stake in shares of Cogent Communications Group during the first quarter worth approximately $1,284,000. Aperio Group LLC increased its stake in shares of Cogent Communications Group by 8.0% in the first quarter. Aperio Group LLC now owns 9,508 shares of the company’s stock worth $371,000 after buying an additional 706 shares in the last quarter. Teachers Advisors Inc. increased its stake in shares of Cogent Communications Group by 1.2% in the first quarter. Teachers Advisors Inc. now owns 81,124 shares of the company’s stock worth $3,166,000 after buying an additional 928 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of Cogent Communications Group during the first quarter worth approximately $3,887,000. Finally, BlackRock Inc. increased its stake in shares of Cogent Communications Group by 115.5% in the first quarter. BlackRock Inc. now owns 3,205 shares of the company’s stock worth $126,000 after buying an additional 1,718 shares in the last quarter. Institutional investors own 98.24% of the company’s stock.

About Cogent Communications Group

Cogent Communications Holdings, Inc is a facilities-based provider of Internet access and Internet Protocol (IP), communications services. The Company’s network is specifically designed and optimized to transmit data using IP. The Company delivers its services primarily to small and medium-sized businesses, communications service providers and other bandwidth-intensive organizations in North America, Europe and in Japan.

5 Day Chart for NASDAQ:CCOI

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