Cogeco Communications (OTCMKTS:CGEAF – Get Free Report) will likely be announcing its results before the market opens on Wednesday, January 14th. Analysts expect the company to announce earnings of $1.41 per share and revenue of $508.94 million for the quarter.
Cogeco Communications Trading Up 1.2%
Shares of Cogeco Communications stock opened at $48.80 on Wednesday. The firm’s 50-day moving average is $47.15 and its two-hundred day moving average is $47.31. Cogeco Communications has a 1 year low of $40.68 and a 1 year high of $53.20.
Analyst Ratings Changes
Several equities research analysts have weighed in on CGEAF shares. TD Securities reaffirmed a “buy” rating on shares of Cogeco Communications in a research report on Friday, October 31st. Scotiabank reaffirmed a “sector perform” rating on shares of Cogeco Communications in a research note on Monday, October 20th. BMO Capital Markets reiterated a “market perform” rating on shares of Cogeco Communications in a research report on Friday, October 31st. Finally, National Bankshares restated a “sector perform” rating on shares of Cogeco Communications in a report on Friday, October 31st. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Cogeco Communications currently has a consensus rating of “Hold”.
Cogeco Communications Company Profile
Cogeco Communications Inc is a Canadian telecommunications company that provides broadband internet, cable television and telephony services to both residential and business customers. The company’s operations are structured around two primary networks: its Canadian footprint serving markets across Ontario and Quebec, and Atlantic Broadband, its U.S. cable subsidiary operating in several states along the East Coast. Leveraging a combination of fiber-optic and hybrid fiber-coaxial infrastructure, Cogeco Communications delivers high-speed internet access, digital video, voice-over-IP and managed network solutions.
Founded in 1957 and headquartered in Montreal, Quebec, Cogeco Communications has expanded through organic growth and strategic acquisitions.
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