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Friday, August 5, 2011

Upgrades and Downgrades for Today: (CCOI), (WTI), (COGO), (DLB), (PCS)

Collins Stewart, the brokerage firm, has recently changed the rating on Cogent Communications (CCOI). They upped the rating from Neutral to Buy. The brokerage firm believes the company may be on the upswing and there could be potential value in buying the stock. The target price is currently set at $18 per share by the brokerage firm. Shares of CCOI traded higher by 4.07% or $0.58/share to $14.82. In the past year, the shares have traded as low as $7.96 and as high as $17.99. On average, 276181 shares of CCOI exchange hands on a given day and today's volume is recorded at 318476.

W&T Offshore (WTI) is currently being analyzed by the brokerage firm Global Hunter Securities. They have just increased their rating from Neutral to Accumulate. This indicates that the company may doing doing better than investors expect. Look for potential buying pressure or an upside move in the share price. The target price is currently set at $30 per share by the brokerage firm. Shares of WTI fell by 4.35% or $-1.01/share to $22.20. In the past year, the shares have traded as low as $8.50 and as high as $29.27. On average, 847265 shares of WTI exchange hands on a given day and today's volume is recorded at 1130215.

Cogo Group (COGO) recently had their rating changed from Strong Buy to Hold. Needham is the brokerage firm which is currently analyzing this company and found it necessary to change their rating. This is usually a bearish sign for the stock, and this brokerage house may tell its clients to sell the stock. The share prices may fall because of this action. Analysts believe that the company's share price may begin to fall. Shares of COGO fell by 38.25% or $-1.79/share to $2.89. In the past year, the shares have traded as low as $4.06 and as high as $9.55. On average, 429989 shares of COGO exchange hands on a given day and today's volume is recorded at 3680580.

Dolby Labs (DLB) is currently being analyzed by the brokerage firm Avondale. They have just decreased their rating from Mkt Outperform to Mkt Perform. This indicates that the company may not be doing as well as investors were expecting. Look for potential selling pressure or a downside move in the share price. The target price is currently set at $40 per share by the brokerage firm. Shares of DLB fell by 18.58% or $-7.0/share to $30.67. In the past year, the shares have traded as low as $37.64 and as high as $69.69. On average, 733894 shares of DLB exchange hands on a given day and today's volume is recorded at 4999697.

MetroPCS (PCS) is currently being analyzed by the brokerage firm Standpoint Research. They have just changed their rating from Hold to Buy. This indicates that the company may doing doing better than investors expect. Look for potential buying pressure or an upside move in the share price. The target price is currently set at $12 per share by the brokerage firm. Shares of PCS traded higher by 2.69% or $0.25/share to $9.56. In the past year, the shares have traded as low as $8.25 and as high as $18.79. On average, 6986070 shares of PCS exchange hands on a given day and today's volume is recorded at 10338744.