Cogeco Communications (TSE:CCA) Price Target Lowered to C$90.00 at TD Securities

Cogeco Communications (TSE:CCA) had its target price lowered by TD Securities from C$93.00 to C$90.00 in a report issued on Monday, BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

A number of other brokerages also recently commented on CCA. CIBC reduced 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. Royal Bank of Canada cut their price objective on Cogeco Communications from C$84.00 to C$76.00 and set a sector perform rating on the stock in a research note on Wednesday, April 10th. Scotiabank cut their price objective on Cogeco Communications from C$77.00 to C$73.50 and set a sector perform rating on the stock in a research note on Monday. BMO Capital Markets upped their price objective on Cogeco Communications from C$64.00 to C$65.00 and gave the company a market perform rating in a research note on Friday, January 12th. Finally, Desjardins cut their price objective on Cogeco Communications from C$68.00 to C$64.00 and set a hold rating on the stock in a research note on Monday. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of C$69.31.

Cogeco Communications Trading Up 0.4 %

Shares of CCA opened at C$56.08 on Monday. The company has a market capitalization of C$1.69 billion, a P/E ratio of 6.74, a P/E/G ratio of 4.77 and a beta of 0.47. Cogeco Communications has a one year low of C$50.78 and a one year high of C$72.56. The company has a debt-to-equity ratio of 136.39, a quick ratio of 0.49 and a current ratio of 0.59. The stock has a 50-day moving average price of C$59.80 and a 200 day moving average price of C$58.49.

Cogeco Communications (TSE:CCA) last issued its quarterly earnings results on Thursday, April 11th. The company reported C$2.21 EPS for the quarter, beating analysts’ consensus estimates of C$1.88 by C$0.33. The firm had revenue of C$730.50 million during the quarter, compared to the consensus estimate of C$735.00 million. Cogeco Communications had a return on equity of 11.58% and a net margin of 12.47%. Sell-side analysts forecast that Cogeco Communications will post 8.4785185 EPS for the current fiscal year.

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.