NASDAQ:CCOI

Cogent Communications (CCOI) Price Target & Analyst Ratings

$62.52

+0.08 (+0.13%)

(As of 05/18/2023 ET)

Compare

Today's Range: $61.66
▼
$62.67
50-Day Range: $59.68
▼
$73.58
52-Week Range: $46.75
▼
$75.00

Volume: 281,371 shs
Average Volume: 296,732 shs
Market Capitalization: $3.02 billion

P/E Ratio: 284.19
Dividend Yield: 5.98%
Price Target: $67.33

Cogent Communications Consensus Rating and Price Target (2023)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Analyst Rating

Hold
Based on 8 Analyst Ratings

Consensus Analyst Price Target

$67.33
7.70% Upside

High Prediction	$93.00
Average Prediction	$67.33
Low Prediction	$43.00

Type	Current 5/18/22 to 5/18/23	1 Month Ago 4/18/22 to 4/18/23	3 Months Ago 2/17/22 to 2/17/23	1 Year Ago 5/18/21 to 5/18/22
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	3 Buy rating(s)	2 Buy rating(s)	3 Buy rating(s)
Hold	2 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$67.33	$65.13	$63.75	$73.00
Predicted Upside	7.70% Upside	11.51% Upside	14.04% Upside	9.64% Upside

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CCOI Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CCOI Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Cogent Communications Stock vs. The Competition

Type	Cogent Communications	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.25	2.55	2.48
Consensus Rating	Hold	Buy	Hold
Predicted Upside	7.94% Upside	293.48% Upside	170.02% Upside
News Sentiment Rating	Neutral News	Neutral News	Neutral News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
5/8/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Overweight ➝ Neutral	$72.00 ➝ $70.00	+4.62%
5/3/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Buy	$45.00 ➝ $85.00	+24.76%
3/7/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$61.00 ➝ $69.00	+7.88%
2/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$57.00 ➝ $60.00	-4.21%
2/23/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Breen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform
1/17/2023	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$64.00 ➝ $71.00	+8.91%
11/17/2022	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$93.00	+62.67%
11/7/2022	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sell	$49.00 ➝ $43.00	-20.19%
11/4/2022	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Underweight	$55.00 ➝ $53.00	-1.85%
8/9/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$62.00	+6.33%

(Data available from 5/18/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

CCOI Price Target - Frequently Asked Questions

What is Cogent Communications's consensus rating and price target?: According to the issued ratings of 8 analysts in the last year, the consensus rating for Cogent Communications stock is Hold based on the current 2 sell ratings, 2 hold ratings and 4 buy ratings for CCOI. The average twelve-month price prediction for Cogent Communications is $67.33 with a high price target of $93.00 and a low price target of $43.00. Learn more on CCOI's analyst rating history.
Do Wall Street analysts like Cogent Communications more than its competitors?: Analysts like Cogent Communications less than other Computer and Technology companies. The consensus rating for Cogent Communications is Hold while the average consensus rating for computer and technology companies is Buy. Learn more on how CCOI compares to other companies.
Is Cogent Communications being upgraded or downgraded by Wall Street analysts?: Over the previous 90 days, Cogent Communications's stock had 1 upgrade and 1 downgrade by analysts.

Does Cogent Communications's stock price have much upside?: According to analysts, Cogent Communications's stock has a predicted upside of 10.97% based on their 12-month price targets.
What analysts cover Cogent Communications?: Cogent Communications has been rated by Bank of America, Credit Suisse Group, JPMorgan Chase & Co., Royal Bank of Canada, and William Blair in the past 90 days.

Stock Ratings Reports and Tools

This page (NASDAQ:CCOI) was last updated on 5/18/2023 by MarketBeat.com Staff

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