Cogent Communications Holdings, Inc. (NASDAQ:CCOI) had its price objective upped by analysts at BTIG Research to $50.00 in a report issued on Friday. BTIG Research’s target price indicates a potential upside of 20.77% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Stifel Nicolaus began coverage on Cogent Communications Holdings in a report on Friday. They issued a “buy” rating and a $48.00 price objective on the stock. Zacks Investment Research downgraded Cogent Communications Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, January 5th. SunTrust Banks, Inc. began coverage on Cogent Communications Holdings in a research note on Monday, December 12th. They issued a “buy” rating and a $43.00 target price on the stock. TheStreet upgraded Cogent Communications Holdings from a “hold” rating to a “buy” rating in a research note on Friday, November 25th. Finally, Off Wall Street restated a “sell” rating on shares of Cogent Communications Holdings in a research note on Friday, November 4th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company. Cogent Communications Holdings has a consensus rating of “Hold” and an average price target of $44.50.

Analyst Recommendations for Cogent Communications Holdings (NASDAQ:CCOI)

Cogent Communications Holdings (NASDAQ:CCOI) traded up 1.69% during mid-day trading on Friday, reaching $42.10. The company’s stock had a trading volume of 68,821 shares. Cogent Communications Holdings has a 12-month low of $29.65 and a 12-month high of $43.61. The company has a market cap of $1.88 billion, a PE ratio of 138.94 and a beta of 0.84. The firm’s 50 day moving average is $40.00 and its 200-day moving average is $38.51.

Cogent Communications Holdings (NASDAQ:CCOI) last announced its quarterly earnings data on Thursday, November 3rd. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by $0.02. The firm earned $113.10 million during the quarter, compared to analyst estimates of $113.25 million. Cogent Communications Holdings had a net margin of 3.10% and a negative return on equity of 53.79%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.07 earnings per share. Equities analysts anticipate that Cogent Communications Holdings will post $0.37 earnings per share for the current fiscal year.

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In other news, VP Raymond B. Kummer sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 4th. The stock was sold at an average price of $42.53, for a total value of $42,530.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CRO James Bubeck sold 800 shares of the firm’s stock in a transaction that occurred on Wednesday, November 9th. The shares were sold at an average price of $39.76, for a total value of $31,808.00. The disclosure for this sale can be found here. 9.17% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Personal Capital Advisors Corp increased its position in Cogent Communications Holdings by 11.6% in the second quarter. Personal Capital Advisors Corp now owns 305,830 shares of the company’s stock valued at $12,252,000 after buying an additional 31,809 shares during the period. Skylands Capital LLC boosted its stake in Cogent Communications Holdings by 23.0% in the third quarter. Skylands Capital LLC now owns 386,350 shares of the company’s stock valued at $14,222,000 after buying an additional 72,350 shares in the last quarter. California Public Employees Retirement System boosted its stake in Cogent Communications Holdings by 2.5% in the third quarter. California Public Employees Retirement System now owns 110,600 shares of the company’s stock valued at $4,071,000 after buying an additional 2,700 shares in the last quarter. Suntrust Banks Inc. boosted its stake in Cogent Communications Holdings by 13.0% in the third quarter. Suntrust Banks Inc. now owns 83,040 shares of the company’s stock valued at $3,056,000 after buying an additional 9,542 shares in the last quarter. Finally, TimesSquare Capital Management LLC boosted its stake in Cogent Communications Holdings by 2.5% in the third quarter. TimesSquare Capital Management LLC now owns 999,275 shares of the company’s stock valued at $36,783,000 after buying an additional 24,300 shares in the last quarter. Institutional investors and hedge funds own 97.07% 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.

5 Day Chart for NASDAQ:CCOI

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