FBR Capital Maintains an 'Underperform' on Cogent Communications (CCOI); 1Q11 Results--Good Quarter but Premium Valuation
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Price: $63.13 --0%
Rating Summary:
12 Buy, 13 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 7 | Down: 10 | New: 7
Rating Summary:
12 Buy, 13 Hold, 3 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 7 | Down: 10 | New: 7
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FBR Capital maintains an 'Underperform' on Cogent Communications (NASDAQ: CCOI), raises PT from $4 to $9.
FBR analyst says, "We continue to rate CCOI shares Underperform, as current industry dynamics are unfavorable, coupled with a premium valuation. However, we acknowledge that the timing of these dynamics is crucial, and currently investor sentiment regarding the shares is high."
For more ratings news on Cogent Communications click here and for the rating history of Cogent Communications click here.
Shares of Cogent Communications closed at $14.44 yesterday.
FBR analyst says, "We continue to rate CCOI shares Underperform, as current industry dynamics are unfavorable, coupled with a premium valuation. However, we acknowledge that the timing of these dynamics is crucial, and currently investor sentiment regarding the shares is high."
For more ratings news on Cogent Communications click here and for the rating history of Cogent Communications click here.
Shares of Cogent Communications closed at $14.44 yesterday.
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