Cogent Communications Holdings Inc (NASDAQ:CCOI) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 17, 2016
Zacks Investment Research has downgraded Cogent Communications Holdings Inc (NASDAQ:CCOI) to Sell in a statement released on 10/17/2016.
Having a price of $34.96, Cogent Communications Holdings Inc (NASDAQ:CCOI) traded -0.23% lower on the day. With the last close down -9.48% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Cogent Communications Holdings Inc has recorded a 50-day average of $35.87 and a two hundred day average of $38.62. Volume of trade was down over the average, with 199,584 shares of CCOI changing hands under the typical 403,551
With a total market value of $0, Cogent Communications Holdings Inc has price-earnings ratio of 118.11 with a one year low of $29.24 and a one year high of $43.61 .
A total of 15 analysts have released a report on Cogent Communications Holdings Inc. Five analysts rating the company a strong buy, five analysts rating the company a buy, five analysts rating the company a hold, one analyst rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $37.53.
More 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. 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 high-speed 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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