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Cogent Communications Holdings Inc (NASDAQ:CCOI) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has downgraded Cogent Communications Holdings Inc (NASDAQ:CCOI) to Sell in a statement released on 7/05/2017.

Boasting a price of $40.28, Cogent Communications Holdings Inc (NASDAQ:CCOI) traded -0.57% lower on the day. With the last stock price close down 3.60% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Cogent Communications Holdings Inc has recorded a 50-day average of $42.28 and a two hundred day average of $41.75. Volume of trade was down over the average, with 223,440 shares of CCOI changing hands under the typical 351,970

Performance Chart

Cogent Communications Holdings Inc (NASDAQ:CCOI)

With a total market value of $0, Cogent Communications Holdings Inc has price-earnings ratio of 123.57 with a one year low of $34.23 and a one year high of $45.25 .

A total of 15 equity analysts have released a ratings update on CCOI. Five equity analysts rating the company a strong buy, five equity analysts rating the company a buy, five equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $37.53.

Brief Synopsis About Cogent Communications Holdings Inc (NASDAQ:CCOI)

Cogent Communications Holdings, Inc. is a facility-based provider of Internet access and Internet Protocol (IP) 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 Asia. The Company offers on-net Internet access services through its own facilities, which run from its network to its customers' premises. It 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. Its network consists of in-building riser facilities, metropolitan optical networks and inter-city transport facilities.

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