Cogeco Communications (TSE:CCA) had its target price dropped by equities research analysts at Royal Bank of Canada from C$114.00 to C$112.00 in a research note issued on Thursday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price would suggest a potential upside of 8.28% from the company’s previous close.
CCA has been the subject of several other research reports. Echelon Wealth Partners cut Cogeco Communications from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. TD Securities increased their price target on Cogeco Communications from C$110.00 to C$120.00 and gave the company a “hold” rating in a research note on Friday, January 3rd. National Bank Financial raised their price objective on Cogeco Communications from C$121.00 to C$124.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, CIBC raised their price objective on Cogeco Communications from C$109.00 to C$113.00 in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$110.38.
CCA traded up C$1.12 during midday trading on Thursday, reaching C$103.44. The company had a trading volume of 158,567 shares, compared to its average volume of 161,218. The company has a quick ratio of 1.69, a current ratio of 1.75 and a debt-to-equity ratio of 133.03. The business has a 50-day moving average of C$113.98 and a two-hundred day moving average of C$108.57. The company has a market cap of $5.61 billion and a P/E ratio of 12.39. Cogeco Communications has a 1 year low of C$72.32 and a 1 year high of C$120.20.
Cogeco Communications (TSE:CCA) last issued its quarterly earnings results on Wednesday, October 30th. The company reported C$1.77 EPS for the quarter, missing analysts’ consensus estimates of C$1.79 by C($0.02). The business had revenue of C$583.67 million during the quarter, compared to analyst estimates of C$572.00 million. On average, equities research analysts predict that Cogeco Communications will post 7.7826231 EPS for the current year.
In other Cogeco Communications news, Senior Officer Christian Jolivet sold 3,015 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of C$119.00, for a total transaction of C$358,785.00. Following the transaction, the insider now directly owns 2,342 shares in the company, valued at approximately C$278,698. Also, Senior Officer Andrée Pinard sold 300 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$116.93, for a total value of C$35,079.00. Following the transaction, the insider now owns 1,904 shares in the company, valued at C$222,634.72. Insiders have sold a total of 3,475 shares of company stock worth $412,114 over the last 90 days.
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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