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UPDATE: Pivotal Research Group Downgrades Cogent Communications Group to Hold on Valuation

Related CCOI
UPDATE: BTIG Research Initiates Coverage On Cogent Communications Group On Positive Outlook
Benzinga's Top Upgrades

Pivotal Research Group downgraded Cogent Communications Group (NASDAQ: CCOI) from Buy to Hold and maintained a $26.50 price target.

Pivotal Research Group commented, "This is not a call in Q4 or 2013 earnings. Our Q4, 2013 estimates, and $26.50 price target remain unchanged. The stock is up 19% since mid-November vs. +6.5% for the S&P 500. Excluding the dividend there is currently only 9% upside on the stock based on our price target (which remains unchanged) and 10.8% including the dividend. The stock is also very close to its 52-week high of $24.33."

Cogent Communications Group closed at $24.31 on Thursday.

Latest Ratings for CCOI

DateFirmActionFromTo
Oct 2014BTIG ResearchInitiates Coverage onBuy
Oct 2014Raymond JamesUpgradesMarket PerformOutperform
Oct 2014SunTrust Robinson HumphreyInitiates Coverage onNeutral

View More Analyst Ratings for CCOI
View the Latest Analyst Ratings

Posted-In: Pivotal Research GroupAnalyst Color Downgrades Pre-Market Outlook Analyst Ratings

 

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