Cogeco Communications Inc (CCA) PT Raised to C$92.00
Cogeco Communications Inc (TSE:CCA) had its price objective boosted by National Bank Financial from C$82.00 to C$92.00 in a research report issued on Wednesday. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential downside of 0.81% from the company’s previous close.
A number of other research analysts also recently issued reports on the company. TD Securities downgraded Cogeco Communications from a “hold” rating to a “reduce” rating and set a C$80.00 price target on the stock. in a research note on Wednesday, July 12th. Scotiabank reiterated an “outperform” rating and issued a C$78.00 target price on shares of Cogeco Communications in a research note on Tuesday, July 4th. BMO Capital Markets reiterated a “market perform” rating and issued a C$82.00 target price on shares of Cogeco Communications in a research note on Tuesday, July 11th. Royal Bank Of Canada lifted their target price on Cogeco Communications from C$76.00 to C$81.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 11th. Finally, Macquarie downgraded Cogeco Communications from an “outperform” rating to a “neutral” rating and set a C$90.00 target price on the stock. in a research note on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of C$86.56.
Shares of Cogeco Communications (TSE:CCA) traded down 1.22% on Wednesday, reaching $91.62. The company’s stock had a trading volume of 63,158 shares. The stock has a 50-day moving average price of $91.35 and a 200-day moving average price of $85.13. Cogeco Communications has a 1-year low of $60.62 and a 1-year high of $95.21. The company has a market capitalization of $4.51 billion and a price-to-earnings ratio of 14.98.
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About Cogeco Communications
Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services.
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