<div id="readability-page-1"><p><span>Cogent Communications (NASDAQ:CCOI - Get Free Report)</span> had its target price decreased by analysts at Citigroup  from $22.00 to $20.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a &#34;neutral&#34; rating on the technology company's stock. Citigroup's target price would indicate a potential upside of 13.95% from the stock's previous close.</p><div><p><span></span><span>Get <strong>Cogent Communications</strong> alerts:</span></p></div><ul><li>Big Dippers: 3 Stocks Near 1-Year Lows That Could Surge in 2025</li></ul><p>Several other equities analysts also recently issued reports on the company. Royal Bank Of Canada reduced their price objective on Cogent Communications from $22.00 to $18.00 and set a &#34;sector perform&#34; rating for the company in a research report on Wednesday, May 6th. Williams Trading  set a $40.00 price target on Cogent Communications in a report on Monday, February 23rd. UBS Group lowered their price target on Cogent Communications from $21.00 to $17.00 and set a &#34;neutral&#34; rating on the stock in a report on Tuesday, May 5th. Oppenheimer lowered their price target on Cogent Communications from $40.00 to $30.00 and set an &#34;outperform&#34; rating on the stock in a report on Monday, February 23rd. Finally, KeyCorp lowered their price target on Cogent Communications from $30.00 to $25.00 and set an &#34;overweight&#34; rating on the stock in a report on Monday, February 23rd. Three investment analysts have rated the stock with a Buy rating, seven have issued  a Hold rating and one  has issued  a Sell rating to the stock. According to data from MarketBeat, Cogent Communications  has an average rating of &#34;Hold&#34; and a consensus target price of $24.90.</p><p><b>Get Our Latest Analysis on CCOI</b></p><h2>Cogent Communications Stock Up 1.9%</h2><ul><li>2  Mid-Cap Telecom Stocks Offering Superior Returns </li></ul><p>NASDAQ CCOI traded up $0.33 during trading hours on Tuesday, hitting $17.55. The company had a trading volume of 169,666 shares, compared to its average volume of 1,199,511. Cogent Communications has a fifty-two week low of $14.82 and a fifty-two week high of $54.37. The business has a fifty day simple moving average of $20.05 and a 200-day simple moving average of $22.09. The firm has a market cap of $878.92 million, a P/E ratio of -5.01 and a beta of 0.85. </p><p>Cogent Communications (NASDAQ:CCOI - Get Free Report) last issued its quarterly earnings data on Monday, May 4th. The technology company reported ($0.83) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.03) by $0.20. The business had revenue of $239.19 million during the quarter, compared to the consensus estimate of $241.31 million. Cogent Communications had a negative return on equity of 842.48% and a negative net margin of 17.53%.The business's revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.09) earnings per share.  Equities analysts forecast that  Cogent Communications will post -3.9 EPS for the current fiscal year. </p><h2>Insiders Place Their Bets</h2><p>In other news, Director Sheryl Lynn Kennedy sold 3,300 shares of the firm's stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $22.99, for a total transaction of $75,867.00. Following the transaction, the director directly owned 10,100 shares of the company's stock, valued at approximately $232,199. This trade represents a 24.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities &amp; Exchange Commission, which is accessible through the SEC website. Also, Director Lewis H. Ferguson sold 2,206 shares of the firm's stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $23.03, for a total value of $50,804.18. Following the transaction, the director directly owned 20,449 shares of the company's stock, valued at $470,940.47. This represents a 9.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 12,756 shares of company stock valued at $292,467 over the last three months. 4.20% of the stock is currently owned by company insiders. </p><h2>Institutional Inflows and Outflows</h2><p>Large investors have recently bought and sold shares of the company. Quarry LP bought a new position in  Cogent Communications during the third quarter valued at about $27,000.  Caitong International Asset Management Co. Ltd bought a new position in  Cogent Communications during the fourth quarter valued at about $28,000.  Parallel Advisors LLC boosted its stake in  Cogent Communications by 208.6% during the first quarter. Parallel Advisors LLC now owns 1,432 shares of the technology company's stock valued at $27,000 after buying an additional 968 shares in the last quarter.  Hantz Financial Services Inc. boosted its stake in  Cogent Communications by 313.9% during the fourth quarter. Hantz Financial Services Inc. now owns 1,486 shares of the technology company's stock valued at $32,000 after buying an additional 1,127 shares in the last quarter.  Finally, Strs Ohio bought a new position in  Cogent Communications during the first quarter valued at about $104,000. Institutional investors own  92.45% of the company's stock. </p><h2>About Cogent Communications</h2> (Get Free Report)<p>Cogent Communications <span>NASDAQ: CCOI<span></span></span> is a multinational Internet service provider specializing in high-speed Internet access and data transport services. The company operates one of the largest Tier 1 IP networks in the world, offering wholesale and enterprise customers reliable, low-latency connectivity. Cogent's core services include dedicated Internet access, Ethernet transport, wavelength services, and MPLS-based IP Virtual Private Networks, all delivered over its privately owned, fiber-optic backbone.  </p><p>In addition to network connectivity, Cogent provides data center colocation and managed services designed to support businesses with demanding bandwidth and redundancy requirements.</p><h2>Read More</h2><ul><li>Five stocks we like better than Cogent Communications</li><li>Nebius Group Pulls Back 9% After a Downgrade Despite Strong Earnings</li><li>Rewiring AI: NextEra Energy Sparks a Mega Merger</li><li>Flipping the Switch: Is Ford the Next Big Energy Stock?</li><li>Does Nano Nuclear Energy’s New Deal Amp the Outlook?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q0NPSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9Q0NPSQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Cogent Communications Right Now?</h2><p>Before you consider Cogent Communications, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cogent Communications wasn't on the list.</p><p>While Cogent Communications currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

CCOI

<p>Citigroup has lowered its price target for Cogent Communications (NASDAQ:CCOI) from $22.00 to $20.00, maintaining a 'neutral' rating. This new target suggests a potential upside of 13.95% from the stock's previous close. Other analysts have also adjusted their targets, with an average rating of 'Hold' and a consensus target price of $24.90.</p>

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Cogent Communications

Citigroup

ROYAL BANK OF CANADA

UBS Group AG

Oppenheimer

KeyCorp

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Citigroup Cuts Cogent Communications (NASDAQ:CCOI) Price Target to $20.00