CIBC Increases Cogeco Communications (TSE:CCA) Price Target to C$103.00

Cogeco Communications (TSE:CCA) had its price objective upped by equities research analysts at CIBC from C$98.00 to C$103.00 in a research note issued on Friday, BayStreet.CA reports. CIBC’s price objective points to a potential downside of 0.96% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the company. National Bank Financial lifted their price objective on Wesdome Gold Mines from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a report on Friday. Desjardins lifted their price objective on Cogeco Communications from C$96.00 to C$99.00 in a report on Friday. Royal Bank of Canada lowered their price objective on Mosaic from $38.00 to $35.00 and set an “outperform” rating on the stock in a report on Friday. Canaccord Genuity lifted their price objective on Cogeco Communications from C$97.00 to C$104.00 and gave the stock a “buy” rating in a report on Friday. Finally, BMO Capital Markets boosted their target price on Cogeco Communications from C$95.00 to C$100.00 in a report on Friday. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$98.50.

CCA stock traded up C$5.01 during trading on Friday, hitting C$104.00. The stock had a trading volume of 168,161 shares, compared to its average volume of 85,970. The company has a debt-to-equity ratio of 136.92, a current ratio of 1.80 and a quick ratio of 1.71. Cogeco Communications has a twelve month low of C$61.68 and a twelve month high of C$107.00. The stock has a market cap of $4.66 billion and a PE ratio of 14.93. The business’s 50-day moving average price is C$93.54.

Cogeco Communications (TSE:CCA) last posted its quarterly earnings data on Tuesday, April 9th. The company reported C$1.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.57 by C$0.07. The firm had revenue of C$584.13 million during the quarter, compared to analyst estimates of C$642.13 million. As a group, equities analysts anticipate that Cogeco Communications will post 7.4299999 earnings per share for the current fiscal year.

About Cogeco Communications

Cogeco Communications Inc operates as a communications corporation in North America. The company operates in three segments: Canadian Broadband Services; American Broadband Services; and Business Information and Communications Technology Services. It offers digital video and programming services, such as basic services, digital tier packages, discretionary services, pay-per-view channels, video-on-demand services, high definition and 4K television services, and advanced video services; Internet services; and telephony services to residential customers comprising direct international calling, international long distance plans, voicemail, and other custom calling features.

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Analyst Recommendations for Cogeco Communications (TSE:CCA)

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