RBC Capital analyst Bora Lee maintained a Hold rating on Cogent Communications on Thursday, setting a price target of $80, which is approximately 6.06% above the present share price of $75.43.
Lee expects Cogent Communications to post earnings per share (EPS) of $0.20 for the second quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Hold rating of shares in Cogent Comms (NASDAQ:CCOI), with an average price target of $82.57.
The analysts price targets range from a high of $99 to a low of $75.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $140.92 million and a net profit of $25.81 million. The company's market cap is $3.56 billion.
According to TipRanks.com, RBC Capital analyst Bora Lee is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -6.0% and a 33.33% success rate.
Cogent Communications Holdings, Inc. engages in the provision of internet access and Internet Protocol communications services. It offers internet access and data transport through its fiber optic, IP data-only network, ethernet transport, and colocation services. The company was founded by David Schaeffer in August 1999 and is headquartered in Washington, DC.