Cogeco Communications (TSE:CCA) PT Set at C$71.00 by Desjardins

Cogeco Communications (TSE:CCA) received a C$71.00 price target from Desjardins in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. Desjardins’ price objective would indicate a potential upside of 5.48% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Scotiabank upped their price target on shares of Cogeco Communications from C$74.00 to C$74.25 and gave the company a “sector perform” rating in a research report on Monday. CIBC decreased their price objective on Cogeco Communications from C$71.00 to C$68.00 in a report on Friday, October 17th. BMO Capital Markets lowered their target price on Cogeco Communications from C$75.00 to C$70.00 in a research report on Friday, October 31st. Finally, TD Securities reduced their price target on Cogeco Communications from C$98.00 to C$95.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$74.78.

Cogeco Communications Trading Down 1.4%

Shares of CCA stock opened at C$67.31 on Monday. The firm has a market capitalization of C$2.83 billion, a P/E ratio of 8.86, a P/E/G ratio of 4.77 and a beta of 0.65. Cogeco Communications has a twelve month low of C$59.10 and a twelve month high of C$73.35. The company has a quick ratio of 0.49, a current ratio of 0.37 and a debt-to-equity ratio of 159.35. The stock’s fifty day simple moving average is C$66.47 and its 200 day simple moving average is C$65.82.

Cogeco Communications (TSE:CCA) last posted its earnings results on Wednesday, October 29th. The company reported C$2.09 EPS for the quarter. Cogeco Communications had a return on equity of 11.56% and a net margin of 11.68%.The firm had revenue of C$708.69 million during the quarter. As a group, sell-side analysts predict that Cogeco Communications will post 8.4900498 EPS for the current fiscal year.

Cogeco Communications Company Profile

Cogeco Communications Inc is a communication corporation. The company is a cable operator in North America operating in Canada. It provides residential and business customers with internet, video, and telephony services with broadband fibre networks. The reportable segments of the company are Canadian broadband services and American broadband services. In internet services, the company offers internet packages with download speeds of up to 120mbps. In video services, the company provides digital tier services, pay-per-view channels, video on-demand services, and 4k television, and telephony services include using internet protocol to transport digitized voice signals.