Cogent Communications Holdings, Inc. (NASDAQ:CCOI) had its price target boosted by Jefferies Group LLC from $39.00 to $43.00 in a research report issued to clients and investors on Friday. The firm presently has a “hold” rating on the technology company’s stock. Jefferies Group LLC’s price target indicates a potential upside of 0.94% from the stock’s current price. Jefferies Group also issued estimates for Cogent Communications Holdings’ Q4 2017 earnings at $0.12 EPS, FY2017 earnings at $0.39 EPS, Q1 2018 earnings at $0.10 EPS, Q2 2018 earnings at $0.15 EPS, Q3 2018 earnings at $0.17 EPS and Q4 2018 earnings at $0.22 EPS.

Several other equities research analysts have also weighed in on the stock. Off Wall Street started coverage on shares of Cogent Communications Holdings in a research note on Monday, July 31st. They set a “sell” rating and a $29.00 price objective on the stock. Zacks Investment Research upgraded shares of Cogent Communications Holdings from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Monday, October 9th. BidaskClub upgraded shares of Cogent Communications Holdings from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Royal Bank Of Canada reiterated a “buy” rating and set a $48.00 price objective on shares of Cogent Communications Holdings in a research note on Monday, September 18th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $48.00 price objective (up previously from $47.00) on shares of Cogent Communications Holdings in a research note on Friday, July 14th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $43.77.

Cogent Communications Holdings (NASDAQ:CCOI) traded down $4.40 on Friday, reaching $42.60. 1,384,019 shares of the company traded hands, compared to its average volume of 366,132. The stock has a market cap of $1,957.68, a price-to-earnings ratio of 118.33, a price-to-earnings-growth ratio of 9.17 and a beta of 0.65. The company has a quick ratio of 4.33, a current ratio of 4.22 and a debt-to-equity ratio of -8.84.

Cogent Communications Holdings (NASDAQ:CCOI) last released its quarterly earnings data on Thursday, November 2nd. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.06). The business had revenue of $123.00 million for the quarter, compared to analyst estimates of $123.60 million. Cogent Communications Holdings had a negative return on equity of 23.86% and a net margin of 3.37%. Cogent Communications Holdings’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. analysts anticipate that Cogent Communications Holdings will post 0.4 EPS for the current fiscal year.

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In related news, CFO Thaddeus Gerard Weed sold 2,250 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $43.51, for a total transaction of $97,897.50. Following the transaction, the chief financial officer now owns 72,650 shares in the company, valued at $3,161,001.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Henry W. Kilmer sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $46.45, for a total transaction of $139,350.00. Following the transaction, the vice president now owns 36,600 shares in the company, valued at approximately $1,700,070. The disclosure for this sale can be found here. Insiders sold 30,466 shares of company stock worth $1,380,404 in the last 90 days. 9.48% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Flinton Capital Management LLC increased its stake in shares of Cogent Communications Holdings by 63.4% during the second quarter. Flinton Capital Management LLC now owns 2,640 shares of the technology company’s stock valued at $106,000 after acquiring an additional 1,024 shares during the period. Sei Investments Co. increased its stake in shares of Cogent Communications Holdings by 29.7% during the second quarter. Sei Investments Co. now owns 2,923 shares of the technology company’s stock valued at $117,000 after acquiring an additional 670 shares during the period. Pacad Investment Ltd. acquired a new position in shares of Cogent Communications Holdings during the second quarter valued at approximately $140,000. PNC Financial Services Group Inc. increased its stake in shares of Cogent Communications Holdings by 1,919.3% during the second quarter. PNC Financial Services Group Inc. now owns 3,776 shares of the technology company’s stock valued at $151,000 after acquiring an additional 3,589 shares during the period. Finally, Riverhead Capital Management LLC increased its stake in shares of Cogent Communications Holdings by 66.5% during the second quarter. Riverhead Capital Management LLC now owns 4,163 shares of the technology company’s stock valued at $167,000 after acquiring an additional 1,663 shares during the period. Institutional investors and hedge funds own 93.02% of the company’s stock.

Cogent Communications Holdings Company Profile

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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