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Cogent Communications Holdings, Inc. (NASDAQ:CCOI) has received an average recommendation of “Hold” from nine research firms covering the company. Out of the nine, two analysts have rated the stock as a sell, two have given it a hold recommendation, and five have assigned a buy recommendation. The average target price for the stock over the next year is .00.

Cogent Communications has been the subject of several research analyst reports. Bank of America raised its rating on the stock from “underperform” to “buy” and increased its price target from .00 to .00. JPMorgan Chase & Co. lowered their rating on the stock from “overweight” to “neutral” and decreased the price target from .00 to .00. TD Cowen upgraded the stock from “market perform” to “outperform” and set a price target of .00.

In other news, Chief Revenue Officer James Bubeck sold 1,920 shares of the company’s stock, while Director Sheryl Lynn Kennedy sold 1,100 shares. Insiders have sold a total of 26,533 shares in the last three months.

Several large investors have made changes to their positions in Cogent Communications stock. Spire Wealth Management, 1832 Asset Management L.P., Geneos Wealth Management Inc., Fortis Capital Advisors LLC, and Quadrant Capital Group LLC have all increased their positions in the company.

On the financial front, Cogent Communications recently announced an increase in its quarterly dividend. Stockholders of record on August 24th will receive a dividend of {TRESC}.945, higher than the previous dividend of {TRESC}.94. The ex-dividend date is August 23rd, and the current dividend yield stands at 5.45%.

Cogent Communications Holdings, Inc. offers high-speed internet access, private network, and data center colocation space services. The company provides its services in various regions around the world.

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