Cogent Communications Group VP Sells $35,020 in Stock (CCOI)
Cogent Communications Group (NASDAQ:CCOI) VP Henry W. Kilmer unloaded 1,000 shares of Cogent Communications Group stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $35.02, for a total value of $35,020.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Cogent Communications Group (NASDAQ:CCOI) traded up 1.38% on Friday, hitting $35.25. The stock had a trading volume of 130,579 shares. Cogent Communications Group has a one year low of $28.40 and a one year high of $43.50. The stock has a 50-day moving average of $35.50 and a 200-day moving average of $37.36. The company has a market cap of $1.623 billion and a P/E ratio of 28.97.
Separately, analysts at Oppenheimer upgraded shares of Cogent Communications Group from a “market perform” rating to an “outperform” rating in a research note on Friday, April 11th. They now have a $42.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Cogent Communications Group presently has an average rating of “Buy” and an average target price of $40.00.
Cogent Communications Group, Inc is a facilities-based provider of Internet access and Internet Protocol (NASDAQ:CCOI), communications services.
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