Zacks Investment Research downgraded Cogent Communications Holdings Inc (NASDAQ:CCOI) to Sell in a report released today.
- Updated: October 5, 2016
Zacks Investment Research has downgraded Cogent Communications Holdings Inc (NASDAQ:CCOI) to Sell in a statement released on 10/05/2016.
Yesterday Cogent Communications Holdings Inc (NASDAQ:CCOI) traded -1.59% lower at $34.75. The company’s 50-day moving average is $36.24 and its 200-day moving average is $38.83. The last stock price is down -10.50% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 341,943 shares of CCOI traded hands, down from an average trading volume of 401,843
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Cogent Communications Holdings Inc has a price-earnings ratio of 117.40 with a one year low of $28.66 and a one year high of $43.61 Cogent Communications Holdings Inc’s market capitalization is presently $0.
A total of 15 firms have issued a report on CCOI. 5 analysts rating the company a strong buy, 5 brokers rating the stock a buy, five firms rating the stock a hold, one analyst rating the company a underperform, and finally one brokerage rating the company a sell with a consensus target price of $37.53.
General Information 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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