Cogent Communications (CCOI) T-Mobile Acquisition Could Generate ~$100m of Positive EBITDA - JP Morgan

October 5, 2022 8:20 AM EDT
Get Alerts CCOI Hot Sheet
Price: $57.59 -0.09%

Rating Summary:
    12 Buy, 13 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 2 | Down: 23 | New: 24
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

JPMorgan analyst Philip Cusick reiterated an Overweight rating and $78.00 price target on Cogent Communications (NASDAQ: CCOI), saying the T-Mobile’s Wireline asset purchase could generate ~$100 million in positive EBITA.

The analyst commented, "Last week, we hosted an investor meeting with Cogent Communications CEO Dave Schaeffer. Our discussion focused on the integration of T-Mobile’s Wireline asset, continued Net Centric momentum, and the impact the slower recovery in Corporate may have on Cogent’s dividend."

For an analyst ratings summary and ratings history on Cogent Communications click here. For more ratings news on Cogent Communications click here.

Shares of Cogent Communications closed at $54.43 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Hot Comments

Related Entities