Cogeco Cable Price Target Raised to C$53.00 at CIBC (CCA)
Investment analysts at CIBC raised their price objective on shares of Cogeco Cable (TSE:CCA) from C$51.00 to C$53.00 in a note issued to investors on Friday, American Banking News reports. The firm currently has a “sector perform” rating on the stock. CIBC’s price objective would suggest a potential upside of 7.51% from the company’s current price.
Shares of Cogeco Cable (TSE:CCA) traded up 2.64% during mid-day trading on Friday, hitting $50.60. The stock had a trading volume of 75,307 shares. Cogeco Cable has a 1-year low of $36.51 and a 1-year high of $52.29. The stock’s 50-day moving average is $48.96 and its 200-day moving average is $47.15. The company has a market cap of $2.461 billion and a price-to-earnings ratio of 12.02.
Other equities research analysts have also recently issued reports about the stock. Analysts at RBC Capital cut their price target on shares of Cogeco Cable from C$57.00 to C$55.00 in a research note to investors on Friday. They now have an “outperform” rating on the stock. Separately, analysts at TD Securities raised their price target on shares of Cogeco Cable from C$67.00 to C$72.00 in a research note to investors on Friday. They now have an “action list buy” rating on the stock. Finally, analysts at Scotiabank raised their price target on shares of Cogeco Cable from C$55.00 to C$57.00 in a research note to investors on Friday, October 25th. They now have an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$54.61.
Cogeco Cable is a telecommunications corporation, the hybrid fibre coaxial cable operator in Ontario and Quebec.
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