BMO Capital Markets Reiterates “Market Perform” Rating for Cogeco Communications Inc (TSE:CCA)
Cogeco Communications Inc (TSE:CCA)‘s stock had its “market perform” rating reiterated by investment analysts at BMO Capital Markets in a research report issued on Tuesday. They currently have a C$82.00 price objective on the stock. BMO Capital Markets’ target price would indicate a potential downside of 0.11% from the company’s previous close.
CCA has been the subject of several other research reports. Scotiabank reaffirmed an “outperform” rating and issued a C$78.00 price objective on shares of Cogeco Communications in a research note on Friday, April 7th. TD Securities upped their price objective on Cogeco Communications from C$78.00 to C$80.00 and gave the company a “hold” rating in a research note on Monday, April 10th. Barclays PLC downgraded Cogeco Communications from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from C$70.00 to C$75.00 in a research note on Tuesday, April 11th. Finally, Royal Bank Of Canada upped their price objective 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of C$81.07.
Cogeco Communications (CCA) traded up 0.57% during midday trading on Tuesday, reaching $82.56. 33,914 shares of the company’s stock traded hands. The stock has a 50-day moving average of $78.70 and a 200 day moving average of $73.48. Cogeco Communications has a 52-week low of $60.12 and a 52-week high of $82.84. The company’s market cap is $4.06 billion.
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.
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