Cogeco Communications (TSE:CCA) Rating Lowered to “Hold” at TD Securities

Cogeco Communications (TSE:CCA) was downgraded by TD Securities from a “buy” rating to a “hold” rating in a report issued on Thursday, MarketBeat reports. They presently have a C$85.00 price target on the stock, down from their prior price target of C$100.00. TD Securities’ price objective would suggest a potential upside of 21.38% from the stock’s previous close.

CCA has been the subject of a number of other research reports. Scotiabank lifted their price objective on shares of Cogeco Communications from C$74.00 to C$74.25 and gave the company a “sector perform” rating in a report on Monday, January 12th. Canadian Imperial Bank of Commerce raised their target price on shares of Cogeco Communications from C$68.00 to C$71.00 in a research report on Friday, January 16th. Desjardins raised shares of Cogeco Communications to a “hold” rating in a research note on Wednesday, January 28th. Finally, National Bank Financial upgraded Cogeco Communications from a “hold” rating to an “outperform” rating and boosted their price target for the company from C$71.00 to C$80.00 in a report on Wednesday, February 25th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$75.28.

Cogeco Communications Price Performance

CCA stock opened at C$70.03 on Thursday. The stock has a market cap of C$2.94 billion, a PE ratio of 9.58, a P/E/G ratio of 4.77 and a beta of 1.01. Cogeco Communications has a 12 month low of C$60.75 and a 12 month high of C$77.40. The company has a 50-day moving average price of C$70.59 and a 200 day moving average price of C$67.58. The company has a current ratio of 0.40, a quick ratio of 0.49 and a debt-to-equity ratio of 143.75.

Cogeco Communications (TSE:CCA) last released its earnings results on Wednesday, January 14th. The company reported C$2.11 EPS for the quarter. Cogeco Communications had a return on equity of 9.79% and a net margin of 10.79%.The firm had revenue of C$707.25 million for the quarter. Equities research analysts anticipate 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.