Citi moves to the sidelines on Cogent over dividend cut risk in the near future

13 hours ago 1
Cogent sign on building exterior, a corporation Internet Service Provider, delivering Internet, Ethernet and Colocation services

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Citi on Tuesday downgraded Cogent Communications (NASDAQ:CCOI) to "neutral" from a previous investment rating of "buy." They also updated their risk rating on the stock to "high-risk," citing the company's elevated net debt leverage.

The research firm noted the Cogent's

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