Cogeco Communications (TSE:CCA) had its price target upped by investment analysts at National Bank Financial from C$100.00 to C$107.00 in a report released on Friday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target indicates a potential upside of 2.88% from the company’s current price.
A number of other research firms also recently commented on CCA. Canaccord Genuity boosted their target price on shares of Cogeco Communications from C$97.00 to C$104.00 and gave the stock a “buy” rating in a report on Friday. BMO Capital Markets upgraded shares of TMAC Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, May 2nd. Desjardins downgraded shares of Cogeco Communications from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Finally, Royal Bank of Canada boosted their target price on shares of from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the stock an “outperform” rating in a report on Monday, June 24th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Cogeco Communications presently has a consensus rating of “Buy” and a consensus price target of C$98.50.
Shares of CCA stock traded up C$5.01 during midday trading on Friday, reaching C$104.00. 168,161 shares of the company were exchanged, compared to its average volume of 85,970. Cogeco Communications has a 12 month low of C$61.68 and a 12 month high of C$107.00. The stock has a market capitalization of $4.66 billion and a P/E ratio of 14.93. The business has a 50 day simple moving average of C$93.54. The company has a debt-to-equity ratio of 136.92, a quick ratio of 1.71 and a current ratio of 1.80.
Cogeco Communications (TSE:CCA) last released its quarterly earnings results on Tuesday, April 9th. The company reported C$1.64 EPS for the quarter, topping analysts’ consensus estimates of C$1.57 by C$0.07. The company had revenue of C$584.13 million for the quarter, compared to the consensus estimate of C$642.13 million. Equities research analysts predict that Cogeco Communications will post 7.4299999 EPS for the current 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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