Cogeco Communications (CCA) Price Target Lowered to C$90.00 at CIBC
Cogeco Communications (TSE:CCA) had its price objective reduced by analysts at CIBC from C$93.00 to C$90.00 in a research report issued on Sunday. CIBC’s target price would suggest a potential upside of 11.79% from the company’s current price.
CCA has been the subject of a number of other reports. Scotiabank decreased their price target on shares of Cogeco Communications from C$103.00 to C$95.00 and set an “outperform” rating for the company in a report on Friday. TD Securities upped their price target on shares of Cogeco Communications from C$83.00 to C$87.00 and gave the company a “reduce” rating in a report on Monday, November 6th. National Bank Financial upped their price target on shares of Cogeco Communications from C$82.00 to C$92.00 and gave the company a “sector perform” rating in a report on Wednesday, November 1st. BMO Capital Markets decreased their price target on shares of Cogeco Communications from C$94.00 to C$90.00 in a report on Friday. Finally, Macquarie cut shares of Cogeco Communications from an “outperform” rating to a “neutral” rating and set a C$90.00 price target for the company. in a report on Wednesday, September 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of C$88.95.
Shares of Cogeco Communications (CCA) opened at C$80.51 on Friday. Cogeco Communications has a fifty-two week low of C$66.99 and a fifty-two week high of C$95.21. The stock has a market cap of $3,990.00, a PE ratio of 13.31 and a beta of 0.71.
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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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