BidaskClub upgraded shares of Cogent Communications Holdings, Inc. (NASDAQ:CCOI) from a sell rating to a hold rating in a research report report published on Wednesday, July 5th.

Other research analysts have also issued reports about the company. Citigroup Inc. upped their price target on Cogent Communications Holdings from $44.00 to $47.00 and gave the stock a neutral rating in a report on Tuesday, April 25th. Royal Bank Of Canada reiterated a buy rating and set a $45.00 price target on shares of Cogent Communications Holdings in a report on Thursday, May 25th. Zacks Investment Research upgraded Cogent Communications Holdings from a sell rating to a hold rating in a research note on Tuesday, May 9th. Cowen and Company lowered Cogent Communications Holdings from an outperform rating to a market perform rating and set a $46.00 target price for the company. in a research note on Tuesday, May 2nd. They noted that the move was a valuation call. Finally, Deutsche Bank AG started coverage on Cogent Communications Holdings in a research note on Friday, March 24th. They issued a buy rating and a $48.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus price target of $43.79.

Cogent Communications Holdings (NASDAQ CCOI) traded up 1.85% on Wednesday, reaching $41.20. 257,250 shares of the company’s stock traded hands. The stock has a 50-day moving average of $39.89 and a 200 day moving average of $41.55. The firm has a market capitalization of $1.84 billion, a P/E ratio of 121.18 and a beta of 0.73. Cogent Communications Holdings has a 52 week low of $34.23 and a 52 week high of $45.25.

Cogent Communications Holdings (NASDAQ:CCOI) last issued its quarterly earnings results on Thursday, May 4th. The technology company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Cogent Communications Holdings had a negative return on equity of 33.66% and a net margin of 3.45%. The company had revenue of $117.20 million during the quarter, compared to analyst estimates of $119.02 million. During the same period in the previous year, the company earned $0.08 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. On average, equities analysts expect that Cogent Communications Holdings will post $0.52 EPS for the current fiscal year.

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In other news, VP Timothy G. Oneill sold 1,000 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $45.05, for a total transaction of $45,050.00. Following the sale, the vice president now owns 35,452 shares in the company, valued at $1,597,112.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Raymond B. Kummer sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, April 25th. The shares were sold at an average price of $44.84, for a total value of $134,520.00. The disclosure for this sale can be found here. Insiders have sold 18,183 shares of company stock worth $754,868 in the last 90 days. Company insiders own 9.48% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Gilder Gagnon Howe & Co. LLC raised its position in Cogent Communications Holdings by 0.8% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 7,148 shares of the technology company’s stock valued at $308,000 after buying an additional 58 shares during the last quarter. State of Alaska Department of Revenue raised its position in Cogent Communications Holdings by 1.8% in the first quarter. State of Alaska Department of Revenue now owns 4,520 shares of the technology company’s stock valued at $194,000 after buying an additional 80 shares during the last quarter. Louisiana State Employees Retirement System raised its position in Cogent Communications Holdings by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 16,700 shares of the technology company’s stock valued at $719,000 after buying an additional 200 shares during the last quarter. Arizona State Retirement System raised its position in Cogent Communications Holdings by 0.9% in the first quarter. Arizona State Retirement System now owns 21,300 shares of the technology company’s stock valued at $917,000 after buying an additional 200 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Cogent Communications Holdings by 0.5% in the first quarter. Prudential Financial Inc. now owns 70,419 shares of the technology company’s stock valued at $3,032,000 after buying an additional 330 shares during the last quarter. Institutional investors and hedge funds own 94.59% of the company’s stock.

About Cogent Communications Holdings

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.

Analyst Recommendations for Cogent Communications Holdings (NASDAQ:CCOI)

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