FY2017 EPS Estimates for Cogeco Communications Inc (CCA) Increased by National Bank Financial
Cogeco Communications Inc (TSE:CCA) – Equities researchers at National Bank Financial upped their FY2017 earnings estimates for Cogeco Communications in a report issued on Tuesday. National Bank Financial analyst A. Shine now forecasts that the company will post earnings per share of $6.13 for the year, up from their prior forecast of $6.01. National Bank Financial currently has a “Sector Perform” rating and a $92.00 price target on the stock. National Bank Financial also issued estimates for Cogeco Communications’ Q4 2017 earnings at $1.48 EPS, FY2018 earnings at $6.10 EPS and FY2019 earnings at $6.27 EPS.
Several other equities analysts have also issued reports on the company. Macquarie lowered Cogeco Communications from an “outperform” rating to a “neutral” rating and set a C$90.00 price target for the company. in a research report on Wednesday, September 20th. TD Securities lifted their price objective 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. BMO Capital Markets lifted their price objective 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 lifted their price objective on Cogeco Communications from C$75.00 to C$80.00 in a report on Monday, July 17th. Finally, Scotiabank lifted their price objective on Cogeco Communications from C$83.00 to C$95.00 and gave the stock an “outperform” rating in a report on Tuesday, July 11th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$86.56.
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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