Cogent Communications Holdings, Inc. (NASDAQ:CCOI) Rating Reiterated by Deutsche Bank AG

Paterniano Del Favero
Agosto 9, 2017

The company had a trading volume of 293,570 shares. Citigroup maintained Cogent Communications Holdings Inc (NASDAQ:CCOI) rating on Wednesday, July 27.

A number of analysts have recently commented on LLL shares. L-3 Communications Holdings's quarterly revenue was up 2.6% compared to the same quarter a year ago. Hedge funds and other institutional investors own 67.14% of the company's stock. Alliancebernstein L.P. raised its stake in shares of L-3 Communications Holdings by 171,452.7% in the first quarter. LS Investment Advisors LLC now owns 2,571 shares of the technology company's stock worth $111,000 after buying an additional 1,095 shares in the last quarter. Capital Insight Partners LLC increased its position in shares of Cogent Communications Holdings by 1.7% in the first quarter. BlackRock Inc. now owns 7,040,459 shares of the utilities provider's stock valued at $164,887,000 after buying an additional 7,033,214 shares during the last quarter. TIAA CREF Investment Management LLC owned approximately 0.28% of Consolidated Communications Holdings worth $3,311,000 at the end of the most recent quarter. Teachers Advisors LLC now owns 717,057 shares of the aerospace company's stock worth $118,522,000 after buying an additional 714,042 shares during the last quarter. Finally, Glen Harbor Capital Management LLC increased its position in shares of Cogent Communications Holdings by 36.5% in the first quarter. Can boosted its stake in Cogent Communications Holdings by 0.7% in the first quarter. (NYSE:LLL) traded up 0.35% during midday trading on Wednesday, reaching $174.97. The company was maintained on Thursday, August 3 by Jefferies. Consolidated Communications Holdings has a 12-month low of $17.41 and a 12-month high of $30.23. The company has a market cap of $1.93 billion, a PE ratio of 127.06 and a beta of 0.74. The company has a 50-day moving average of $41.28 and a 200-day moving average of $41.63.

Cogent Communications Holdings (NASDAQ:CCOI) last released its earnings results on Thursday, August 3rd. Cogent Communications Holdings had a net margin of 3.39% and a negative return on equity of 27.66%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.70 billion. Renaissance Techs Ltd Limited Liability Company owns 0.11% invested in Cogent Communications Holdings Inc (NASDAQ:CCOI) for 1.63M shares. The company's revenue for the quarter was up 2.6% compared to the same quarter previous year. On average, analysts anticipate that Cogent Communications Holdings will post $0.47 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be given a $0.46 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, August 16th. L-3 Communications Holdings's dividend payout ratio (DPR) is 33.82%.

L-3 Communications Holdings announced that its board has authorized a stock buyback program on Tuesday, May 9th that permits the company to repurchase $1.50 billion in outstanding shares. Glen Harbor Capital Management LLC now owns 2,828 shares of the technology company's stock worth $122,000 after buying an additional 756 shares in the last quarter. Stock buyback plans are typically an indication that the company's management believes its shares are undervalued.

COPYRIGHT VIOLATION NOTICE: This story was published by BNB Daily and is the sole property of of BNB Daily. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of United States & global trademark & copyright law. The original version of this article can be accessed at https://stocknewstimes.com/2017/08/08/russell-investments-group-ltd-cuts-position-in-l-3-communications-holdings-inc-nyselll.html. Deutsche Bank AG reissued a buy rating and issued a $48.00 price objective (up previously from $47.00) on shares of Cogent Communications Holdings in a research report on Friday, July 14th. BidaskClub upgraded shares of Consolidated Communications Holdings from a "sell" rating to a "hold" rating in a research report on Tuesday, July 25th.

Shares of L-3 Communications Holdings (NYSE:LLL) traded up 0.91% on Tuesday, hitting $178.18. Zacks Investment Research downgraded shares of Cogent Communications Holdings from a hold rating to a sell rating in a research report on Friday. Nine analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. L-3 Communications Holdings has a consensus rating of "Buy" and an average price target of $180.09. (NYSE:LLL) insider Michael T. Strianese sold 22,547 shares of the firm's stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $43.51, for a total transaction of $97,897.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. IFP Advisors Inc now owns 11,475 shares of the utilities provider's stock worth $269,000 after buying an additional 1,270 shares in the last quarter.

L3 Technologies, Inc, formerly L-3 Communications Holdings, Inc, is a prime contractor in Intelligence, Surveillance and Reconnaissance (ISR) systems, aircraft sustainment, simulation and training, night vision and image intensification equipment and security and detection systems.

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