Cogeco Communications Inc. (TSE:CCA) Given Average Recommendation of “Hold” by Analysts

Shares of Cogeco Communications Inc. (TSE:CCA) have been given a consensus rating of “Hold” by the six ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is C$76.03.

A number of brokerages recently weighed in on CCA. National Bank Financial boosted their price target on shares of Cogeco Communications from C$66.00 to C$71.00 in a research report on Friday, January 16th. Desjardins raised Cogeco Communications to a “hold” rating in a report on Wednesday, January 28th. Scotiabank upped their target price on Cogeco Communications from C$74.00 to C$74.25 and gave the company a “sector perform” rating in a research report on Monday, January 12th. Canadian Imperial Bank of Commerce lifted their price target on Cogeco Communications from C$68.00 to C$71.00 in a research report on Friday, January 16th. Finally, BMO Capital Markets reduced their price objective on Cogeco Communications from C$75.00 to C$70.00 in a research note on Friday, October 31st.

Cogeco Communications Trading Up 0.7%

Shares of TSE CCA opened at C$69.00 on Friday. The company has a current ratio of 0.37, a quick ratio of 0.49 and a debt-to-equity ratio of 159.35. The stock has a market capitalization of C$2.90 billion, a PE ratio of 9.44, a PEG ratio of 4.77 and a beta of 0.87. Cogeco Communications has a twelve month low of C$60.75 and a twelve month high of C$74.39. The stock has a fifty day simple moving average of C$67.60 and a 200-day simple moving average of C$65.77.

Cogeco Communications (TSE:CCA) last posted its quarterly earnings results on Wednesday, January 14th. The company reported C$2.11 EPS for the quarter. Cogeco Communications had a net margin of 11.68% and a return on equity of 11.56%. The business had revenue of C$707.25 million during the quarter. On average, equities analysts forecast that Cogeco Communications will post 8.4900498 earnings per share for the current 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.