7 Analysts Assess Cogent Comms Hldgs: What You Need To Know
Portfolio Pulse from Benzinga Insights
7 analysts have recently provided ratings for Cogent Comms Hldgs (NASDAQ:CCOI), with a mix of bullish and bearish perspectives. The average 12-month price target is $72.43, reflecting a 3.96% increase from the previous target. Analysts from firms like Citigroup, B of A Securities, and JP Morgan have raised their price targets, indicating a positive outlook. Cogent Comms Hldgs has shown a positive revenue growth rate of 8.61% as of June 30, 2024, but faces challenges with a net margin of -12.42%, ROE of -7.06%, and ROA of -1.0%. The company's debt-to-equity ratio is 5.38, below the industry average.

August 19, 2024 | 12:00 pm
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Analysts have provided mixed ratings for Cogent Comms Hldgs, with a recent average 12-month price target of $72.43, up 3.96%. The company has shown positive revenue growth but faces challenges with profitability and asset utilization.
The increase in the average price target and the positive revenue growth rate suggest a short-term positive impact on the stock price. However, challenges with net margin, ROE, and ROA may temper this optimism.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100