Cogeco Communications Inc (TSE:CCA) was downgraded by equities researchers at National Bank Financial from an “outperform market weight” rating to a “sector perform market weight” rating in a research note issued to investors on Monday.

A number of other analysts have also commented on CCA. Desjardins boosted their price objective on Cogeco Communications from C$71.00 to C$72.50 in a report on Wednesday, December 21st. Barclays PLC boosted their target price on Cogeco Communications from C$65.00 to C$70.00 and gave the stock an “equal weight” rating in a research note on Friday, November 4th. TD Securities boosted their target price on Cogeco Communications from C$68.00 to C$70.00 and gave the stock a “hold” rating in a research note on Friday, November 4th. Finally, Scotiabank boosted their target price on Cogeco Communications from C$75.00 to C$78.00 and gave the stock an “outperform” rating in a research note on Monday. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$71.28.

Analyst Recommendations for Cogeco Communications (TSE:CCA)

Shares of Cogeco Communications (TSE:CCA) traded down 0.54% during trading on Monday, hitting $66.25. The stock had a trading volume of 13,641 shares. The company’s 50 day moving average price is $65.15 and its 200 day moving average price is $64.00. Cogeco Communications has a 52 week low of $60.12 and a 52 week high of $71.67. The company’s market capitalization is $3.25 billion.

WARNING: This story was posted by American Banking News and is the propert of of American Banking News. If you are viewing this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark law. The correct version of this story can be read at https://www.americanbankingnews.com/2017/01/11/cogeco-communications-inc-cca-rating-lowered-to-sector-perform-market-weight-at-national-bank-financial.html.

This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/01/11/cogeco-communications-inc-cca-rating-lowered-to-sector-perform-market-weight-at-national-bank-financial.html

Cogeco Communications Company Profile

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.

Receive News & Ratings for Cogeco Communications Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cogeco Communications Inc and related companies with MarketBeat.com's FREE daily email newsletter.