JP Morgan Assumes Cogent Communications Holdings Inc to Neutral

Brokerage firm JP Morgan Assumes its rating on Cogent Communications Holdings Inc(NASDAQ:CCOI). The shares have been rated Neutral. The rating by JP Morgan was issued on Sep 26, 2016.

In a different note, On Aug 12, 2016, Citigroup said it Maintains its rating on Cogent Communications Holdings Inc. In the research note, the firm Lowers the price-target to $45.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 8, 2016, Raymond James said it Downgrades its rating on Cogent Communications Holdings Inc. The shares have been rated ‘Market Perform’ by the firm. On Jul 27, 2016, Citigroup said it Maintains its rating on Cogent Communications Holdings Inc. In the research note, the firm Raises the price-target to $40.00 per share. The shares have been rated ‘Neutral’ by the firm.

Cogent Communications Holdings Inc (CCOI) made into the market gainers list on Thursdays trading session with the shares advancing 1.96% or 0.71 points. Due to strong positive momentum, the stock ended at $36.95, which is also near the day’s high of $36.97. The stock began the session at $36.61 and the volume stood at 3,21,906 shares. The 52-week high of the shares is $43.61 and the 52 week low is $25.84. The company has a current market capitalization of $1,684 M and it has 4,55,74,678 shares in outstanding.

Cogent Communications Holdings Inc(CCOI) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $109.95M. Analysts had an estimated revenue of $110.88M. Earnings per share were $0.09. Analysts had estimated an EPS of $0.09.

Several Insider Transactions has been reported to the SEC. On Sep 19, 2016, Tim Weingarten (director) sold 2,822 shares at $35.57 per share price.Also, On Sep 6, 2016, Henry W Kilmer (VP of IP Engineering) sold 1,000 shares at $36.17 per share price.On Sep 2, 2016, Robert N Jr Beury (VP & Chief Legal Officer) sold 1,000 shares at $35.40 per share price, according to the Form-4 filing with the securities and exchange commission.

Cogent Communications Holdings Inc. is a facility-based provider of Internet access Internet Protocol (IP) and communications services. The Company’s network is designed and optimized to transmit data using IP. The Company delivers its services to small and medium-sized businesses communications service providers and other bandwidth-intensive organizations in North America Europe and Japan. The Company offers on-net Internet access services through its own facilities which run from its network to its customers’ premises. The Company offers its on-net services to customers located in buildings that are physically connected to its network. Its on-net service consists of Internet access and IP connectivity ranging from 100 Megabits per second to 100 Gigabits per second of bandwidth. It provides its on-net Internet access services to its net-centric and corporate customers.

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