Cogeco Communications Inc (CCA) Receives Consensus Recommendation of “Hold” from Analysts
Cogeco Communications Inc (TSE:CCA) has been given an average rating of “Hold” by the eight analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is C$85.79.
Several brokerages have weighed in on CCA. Scotiabank boosted their price target on Cogeco Communications from C$83.00 to C$95.00 and gave the company an “outperform” rating in a report on Tuesday, July 11th. Macquarie downgraded Cogeco Communications from an “outperform” rating to a “neutral” rating and set a C$90.00 price target for the company. in a report on Wednesday, September 20th. TD Securities boosted their price target on Cogeco Communications from C$80.00 to C$83.00 and gave the company a “reduce” rating in a report on Tuesday, July 18th. Barclays PLC boosted their price target on Cogeco Communications from C$75.00 to C$80.00 in a report on Monday, July 17th. Finally, Royal Bank Of Canada boosted their price target on Cogeco Communications from C$76.00 to C$81.00 and gave the company a “sector perform” rating in a report on Tuesday, July 11th.
In related news, insider René Guimond sold 900 shares of the company’s stock in a transaction on Thursday, July 20th. The shares were sold at an average price of C$87.44, for a total transaction of C$78,696.00. Also, insider Elizabeth Alves sold 996 shares of the company’s stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of C$87.05, for a total transaction of C$86,701.80. Over the last 90 days, insiders have sold 2,146 shares of company stock valued at $187,657.
Shares of Cogeco Communications (TSE:CCA) traded up 1.12% on Wednesday, reaching $93.87. The company had a trading volume of 125,978 shares. The firm has a 50-day moving average price of $90.93 and a 200 day moving average price of $82.35. The firm has a market capitalization of $4.62 billion and a price-to-earnings ratio of 15.35. Cogeco Communications has a 1-year low of $60.62 and a 1-year high of $95.21.
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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