Cogeco Communications (TSE:CCA – Free Report) had its price objective cut by Scotiabank from C$77.00 to C$73.50 in a report released on Monday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.
Other analysts have also recently issued research reports about the stock. Royal Bank of Canada dropped their target price on shares of Cogeco Communications from C$84.00 to C$76.00 and set a sector perform rating on the stock in a report on Wednesday, April 10th. Desjardins dropped their target price on shares of Cogeco Communications from C$68.00 to C$64.00 and set a hold rating on the stock in a report on Monday. CIBC dropped 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 report on Monday, December 18th. Canaccord Genuity Group dropped their target price 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. Finally, BMO Capital Markets upped their price target 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 equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of C$69.31.
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Cogeco Communications Stock Up 0.4 %
Cogeco Communications (TSE:CCA – Get Free Report) last announced its earnings results on Thursday, April 11th. The company reported C$2.21 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of C$730.50 million for the quarter, compared to analysts’ expectations of C$735.00 million. Research analysts anticipate that Cogeco Communications will post 8.4785185 EPS for the current year.
Cogeco Communications Company Profile
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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