Cogeco Cable Rating Reiterated by TD Securities (CCA)
Cogeco Cable (TSE:CCA)‘s stock had its “hold” rating reaffirmed by stock analysts at TD Securities in a report issued on Friday. They currently have a C$66.00 price target on the stock, down from their previous price target of C$71.00. TD Securities’ price objective points to a potential upside of 12.34% from the stock’s previous close.
Cogeco Cable (TSE:CCA) traded up 1.80% on Friday, hitting $59.81. 84,822 shares of the company’s stock traded hands. Cogeco Cable has a 52 week low of $46.00 and a 52 week high of $64.75. The stock’s 50-day moving average is $61.07 and its 200-day moving average is $56.54. The company has a market cap of $2.910 billion and a price-to-earnings ratio of 15.10.
Cogeco Cable (TSE:CCA) last posted its quarterly earnings results on Friday, July 11th. The company reported $1.19 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.23 by $0.04. Analysts expect that Cogeco Cable will post $4.74 EPS for the current fiscal year.
CCA has been the subject of a number of other recent research reports. Analysts at RBC Capital raised their price target on shares of Cogeco Cable from C$65.00 to C$68.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Barclays raised their price target on shares of Cogeco Cable from C$65.00 to C$67.00 in a research note on Friday. They now have an “overweight” rating on the stock. Finally, analysts at National Bank Financial raised their price target on shares of Cogeco Cable from C$67.00 to C$70.00 in a research note on Friday. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$67.65.
Cogeco Cable is a telecommunications corporation, the hybrid fibre coaxial cable operator in Ontario and Quebec.
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