Cogeco Communications (TSE:CCA – Free Report) had its target price cut by Desjardins from C$68.00 to C$64.00 in a research report report published on Monday morning, BayStreet.CA reports. They currently have a hold rating on the stock.
Several other research analysts also recently issued reports on CCA. Canaccord Genuity Group dropped their price objective on shares of Cogeco Communications from C$63.00 to C$60.00 and set a hold rating on the stock in a report on Monday. CIBC lowered their target price on shares of Cogeco Communications from C$65.00 to C$63.00 and set a neutral rating on the stock in a research note on Monday, December 18th. Royal Bank of Canada decreased their price objective on shares of Cogeco Communications from C$84.00 to C$76.00 and set a sector perform rating on the stock in a research note on Wednesday, April 10th. Scotiabank set a C$77.00 price objective on shares of Cogeco Communications and gave the stock a sector perform rating in a research note on Thursday, January 4th. Finally, BMO Capital Markets upped their price objective on shares of Cogeco Communications from C$64.00 to C$65.00 and gave the stock a market perform rating in a research note on Friday, January 12th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Cogeco Communications presently has a consensus rating of Hold and an average target price of C$69.31.
Check Out Our Latest Analysis on CCA
Cogeco Communications Stock Performance
Cogeco Communications (TSE:CCA – Get Free Report) last posted its quarterly earnings data on Thursday, April 11th. The company reported C$2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.88 by C$0.33. Cogeco Communications had a net margin of 12.47% and a return on equity of 11.58%. The company had revenue of C$730.50 million for the quarter, compared to the consensus estimate of C$735.00 million. Equities research analysts anticipate that Cogeco Communications will post 8.4785185 earnings per share for the current year.
About Cogeco Communications
Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.
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