Cogeco Communications (TSE:CCA) Price Target Raised to C$100.00 at BMO Capital Markets

Cogeco Communications (TSE:CCA) had its price objective upped by analysts at BMO Capital Markets from C$95.00 to C$100.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. BMO Capital Markets’ target price suggests a potential downside of 3.85% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. Canaccord Genuity increased their target price on shares of Cogeco Communications from C$97.00 to C$104.00 and gave the company a “buy” rating in a report on Friday. Desjardins increased their target price on shares of Cogeco Communications from C$96.00 to C$99.00 in a report on Friday. National Bank Financial increased their target price on shares of Wesdome Gold Mines from C$6.00 to C$6.25 and gave the company an “outperform” rating in a report on Friday. Finally, Royal Bank of Canada increased their target price on shares of from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an “outperform” rating in a report on Monday, June 24th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$98.50.

Cogeco Communications stock traded up C$5.01 during mid-day trading on Friday, reaching C$104.00. The company had a trading volume of 168,161 shares, compared to its average volume of 85,970. Cogeco Communications has a 1 year low of C$61.68 and a 1 year high of C$107.00. The company has a debt-to-equity ratio of 136.92, a current ratio of 1.80 and a quick ratio of 1.71. The company has a market cap of $4.66 billion and a P/E ratio of 14.93. The business’s 50-day simple moving average is C$93.54.

Cogeco Communications (TSE:CCA) last issued its earnings results on Tuesday, April 9th. The company reported C$1.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$1.57 by C$0.07. The company had revenue of C$584.13 million during the quarter, compared to analysts’ expectations of C$642.13 million. On average, analysts anticipate that Cogeco Communications will post 7.4299999 earnings per share for the current fiscal year.

Cogeco Communications Company Profile

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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