Cogeco Communications (TSE:CCA) had its price target lifted by Royal Bank of Canada from C$96.00 to C$102.00 in a research report issued on Friday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price points to a potential downside of 1.92% from the stock’s previous close.
A number of other equities analysts 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 research note on Friday. National Bank Financial boosted their target price on shares of Wesdome Gold Mines from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research note on Friday. BMO Capital Markets boosted their target price on shares of Cogeco Communications from C$95.00 to C$100.00 in a research note on Friday. Finally, Desjardins boosted their target price on shares of Cogeco Communications from C$96.00 to C$99.00 in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Cogeco Communications currently has an average rating of “Buy” and an average price target of C$98.50.
Shares of CCA stock traded up C$5.01 on Friday, reaching C$104.00. 168,161 shares of the stock were exchanged, compared to its average volume of 85,970. The company has a quick ratio of 1.71, a current ratio of 1.80 and a debt-to-equity ratio of 136.92. The company’s 50 day moving average price is C$93.54. The stock has a market cap of $4.66 billion and a P/E ratio of 14.93. Cogeco Communications has a twelve month low of C$61.68 and a twelve month high of C$107.00.
Cogeco Communications (TSE:CCA) last issued its 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 firm had revenue of C$584.13 million for the quarter, compared to analyst estimates of C$642.13 million. On average, sell-side analysts anticipate that Cogeco Communications will post 7.4299999 earnings per share 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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