Cogent Communications Shares Fall After JPMorgan Downgrade

MT Newswires Live

05/30

Cogent Communications (CCOI) shares fell 11.5% in Friday afternoon trading after JPMorgan downgraded the stock to neutral from overweight, with a price target of $22 per share.

Trading volume stood at over 1.1 million shares, against a daily average of about 1.2 million.

Price: 17.53, Change: -2.29, Percent Change: -11.55

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