Cogent Communications (CCOI) Earns Coverage Optimism Rating of 0.15
News articles about Cogent Communications (NASDAQ:CCOI) have been trending somewhat positive this week, according to Accern. Accern identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cogent Communications earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 47.1947163956889 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Cogent Communications (NASDAQ:CCOI) opened at $42.90 on Wednesday. Cogent Communications has a twelve month low of $37.85 and a twelve month high of $54.85. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of -8.84. The firm has a market capitalization of $1,970.00, a P/E ratio of 122.57, a price-to-earnings-growth ratio of 5.90 and a beta of 0.49.
A number of research firms have commented on CCOI. Zacks Investment Research lowered Cogent Communications from a “buy” rating to a “hold” rating in a research report on Monday, January 29th. BidaskClub downgraded Cogent Communications from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Macquarie downgraded Cogent Communications from a “neutral” rating to an “underperform” rating in a report on Friday, November 3rd. Jefferies Group upped their target price on Cogent Communications from $39.00 to $43.00 and gave the stock a “hold” rating in a report on Friday, November 3rd. Finally, Raymond James Financial reiterated an “underperform” rating on shares of Cogent Communications in a report on Friday, November 3rd. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $42.27.
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Cogent Communications 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.
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