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Cogent Communications Group (NASDAQ:CCOI) VP Timothy G. Oneill unloaded 2,500 shares of the company’s stock on the open market in a transaction dated Friday, August 29th. The shares were sold at an average price of $34.63, for a total transaction of $86,575.00. Following the sale, the vice president now directly owns 32,452 shares of the company’s stock, valued at approximately $1,123,813. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Cogent Communications Group in a research note on Monday, August 11th. They now have a $40.00 price target on the stock, down previously from $45.00. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $40.00.

Cogent Communications Group (NASDAQ:CCOI) traded down 0.03% during mid-day trading on Friday, hitting $34.66. 214,309 shares of the company’s stock traded hands. Cogent Communications Group has a one year low of $30.25 and a one year high of $43.50. The stock’s 50-day moving average is $34.25 and its 200-day moving average is $35.53. The company has a market cap of $1.591 billion and a price-to-earnings ratio of 28.84.

Cogent Communications Group (NASDAQ:CCOI) last announced its earnings results on Thursday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.03. The company had revenue of $94.60 million for the quarter, compared to the consensus estimate of $95.60 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Analysts expect that Cogent Communications Group will post $0.16 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 19th. Shareholders of record on Friday, August 29th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date of this dividend is Wednesday, August 27th. This is a positive change from Cogent Communications Group’s previous quarterly dividend of $0.17.

Cogent Communications Group, Inc is a facilities-based provider of Internet access and Internet Protocol (NASDAQ:CCOI), communications services.

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