Cogeco Communications Inc (CCA) to Release Earnings on Tuesday
Cogeco Communications Inc (TSE:CCA) will release its earnings data after the market closes on Tuesday, October 31st. Analysts expect Cogeco Communications to post earnings of C$1.47 per share for the quarter.
Shares of Cogeco Communications Inc (CCA) opened at 92.83 on Tuesday. Cogeco Communications Inc has a 12 month low of $60.62 and a 12 month high of $95.21. The firm has a market cap of $4.57 billion and a PE ratio of 15.18. The stock’s 50 day moving average is $91.36 and its 200 day moving average is $84.49.
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A number of brokerages have recently issued reports on CCA. BMO Capital Markets boosted their target price on Cogeco Communications from C$82.00 to C$84.00 and gave the stock a “market perform” rating in a report on Monday, July 17th. Barclays PLC boosted their target price on Cogeco Communications from C$75.00 to C$80.00 in a report on Monday, July 17th. Desjardins cut Cogeco Communications from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$79.00 to C$87.50 in a report on Tuesday, July 11th. TD Securities upped their price target on Cogeco Communications from C$80.00 to C$83.00 and gave the stock a “reduce” rating in a report on Tuesday, July 18th. Finally, Macquarie cut 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. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Cogeco Communications has an average rating of “Hold” and an average target price of C$83.44.
In other Cogeco Communications news, insider Elizabeth Alves sold 996 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of C$87.05, for a total value of C$86,701.80. In the last 90 days, insiders sold 1,146 shares of company stock valued at $100,475.
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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