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The downgrade by B of A may negatively influence investor sentiment on CCOI.
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The downgrade by B of A may negatively influence investor sentiment on CCOI.
What happened, with direct paths to the underlying reporting
CCOI has a high dividend yield of 7.94%. UBS initiated coverage with a Buy rating and a $102 target. B of A Securities downgraded CCOI from Neutral to Underperform. CCOI reported a revenue miss in its recent fourth-quarter results. Dividend-yielding stocks are popular amid market uncertainty.
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