Cogeco Communications Inc (TSE:CCA) PT Raised to C$95.00
Cogeco Communications Inc (TSE:CCA) had its target price lifted by Scotiabank from C$83.00 to C$95.00 in a note issued to investors on Tuesday. The brokerage presently has an “outperform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 15.73% from the stock’s previous close.
Several other equities analysts have also commented on the company. TD Securities increased their target price on Cogeco Communications from C$78.00 to C$80.00 and gave the company a “hold” rating in a report on Monday, April 10th. Desjardins lowered Cogeco Communications from a “buy” rating to a “hold” rating and increased their target price for the company from C$79.00 to C$87.50 in a report on Tuesday. Royal Bank Of Canada increased their target price on Cogeco Communications from C$76.00 to C$81.00 and gave the company a “sector perform” rating in a report on Tuesday. BMO Capital Markets reissued a “market perform” rating and issued a C$82.00 target price on shares of Cogeco Communications in a report on Tuesday. Finally, Barclays PLC lowered Cogeco Communications from an “equal weight” rating to an “underweight” rating and increased their target price for the company from C$70.00 to C$75.00 in a report on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Cogeco Communications has a consensus rating of “Hold” and an average price target of C$81.07.
Shares of Cogeco Communications (TSE:CCA) traded up 0.57% during mid-day trading on Tuesday, reaching $82.56. The company’s stock had a trading volume of 33,914 shares. Cogeco Communications has a 12-month low of $60.12 and a 12-month high of $82.84. The firm’s market cap is $4.06 billion. The firm’s 50-day moving average price is $78.70 and its 200 day moving average price is $73.48.
About Cogeco Communications
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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