Cogent Communications Group VP Henry W. Kilmer Sells 1,000 Shares (CCOI)
Cogent Communications Group (NASDAQ:CCOI) VP Henry W. Kilmer unloaded 1,000 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $34.89, for a total value of $34,890.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Cogent Communications Group (NASDAQ:CCOI) remained flat at $34.25 during during mid-day trading trading on Thursday. 185,581 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 has a 50-day moving average of $34.2 and a 200-day moving average of $35.3. The company has a market cap of $1.572 billion and a P/E ratio of 28.49.
Cogent Communications Group (NASDAQ:CCOI) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 10.3% on a year-over-year basis. On average, analysts predict 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. Investors 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 3.50%. The ex-dividend date of this dividend is Wednesday, August 27th. This is an increase from Cogent Communications Group’s previous quarterly dividend of $0.17.
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 analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. Cogent Communications Group currently has an average rating of “Buy” and a consensus price target 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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