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

Shares of Cogeco Communications Inc. (TSE:CCA) have earned an average recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$70.83.

CCA has been the subject of a number of research analyst reports. CIBC lowered their price target on Cogeco Communications from C$65.00 to C$63.00 and set a “neutral” rating for the company in a report on Monday, December 18th. Veritas Investment Research reissued a “buy” rating on shares of Cogeco Communications in a report on Wednesday, December 13th. Desjardins lowered shares of Cogeco Communications from a “buy” rating to a “hold” rating and set a C$70.00 price target for the company. in a report on Friday, January 12th. Canaccord Genuity Group increased their price objective on shares of Cogeco Communications from C$63.00 to C$64.00 and gave the stock a “hold” rating in a research note on Tuesday, January 9th. Finally, Royal Bank of Canada cut 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.

Cogeco Communications Price Performance

CCA opened at C$56.23 on Thursday. The company has a debt-to-equity ratio of 136.39, a quick ratio of 0.49 and a current ratio of 0.59. Cogeco Communications has a 1-year low of C$50.78 and a 1-year high of C$72.56. The company has a 50-day moving average of C$60.14 and a 200-day moving average of C$58.64. The company has a market capitalization of C$1.70 billion, a P/E ratio of 6.76, a PEG ratio of 4.77 and a beta of 0.47.

Cogeco Communications (TSE:CCA) last announced its quarterly earnings data on Wednesday, January 10th. The company reported C$2.33 earnings per share for the quarter, beating the consensus estimate of C$1.72 by C$0.61. Cogeco Communications had a return on equity of 11.58% and a net margin of 12.47%. The firm had revenue of C$747.69 million during the quarter, compared to analyst estimates of C$755.50 million. Equities analysts expect that Cogeco Communications will post 8.4785185 EPS for the current fiscal year.

Insider Activity at Cogeco Communications

In other news, Senior Officer Chantal Frappier sold 732 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of C$60.67, for a total transaction of C$44,410.44. 0.45% of the stock is currently owned by insiders.

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.