Cogeco Communications Inc (CCA) Receives C$85.08 Consensus Price Target from Brokerages

Cogeco Communications Inc (TSE:CCA) has received a consensus rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$85.08.

A number of equities analysts have issued reports on CCA shares. TD Securities downgraded Cogeco Communications from a “hold” rating to a “reduce” rating and set a C$80.00 price target for the company. in a research note on Wednesday, July 12th. Scotiabank reiterated an “outperform” rating and set a C$78.00 price target on shares of Cogeco Communications in a research note on Tuesday, July 4th. BMO Capital Markets reiterated a “market perform” rating and set a C$82.00 price target on shares of Cogeco Communications in a research note on Tuesday, July 11th. Royal Bank Of Canada lifted their price target on Cogeco Communications from C$76.00 to C$81.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 11th. Finally, Desjardins downgraded Cogeco Communications from a “buy” rating to a “hold” rating and lifted their price target for the company from C$79.00 to C$87.50 in a research note on Tuesday, July 11th.

Cogeco Communications (CCA) traded up 0.28% during mid-day trading on Friday, reaching $90.25. The company had a trading volume of 42,474 shares. The stock has a 50 day moving average price of $90.13 and a 200 day moving average price of $80.02. Cogeco Communications has a one year low of $60.62 and a one year high of $94.43. The company has a market capitalization of $4.44 billion and a P/E ratio of 14.76.

In other Cogeco Communications news, insider Elizabeth Alves sold 996 shares of Cogeco Communications stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of C$87.05, for a total transaction of C$86,701.80. Also, insider René Guimond sold 900 shares of Cogeco Communications stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of C$87.44, for a total transaction of C$78,696.00. In the last three months, insiders have sold 2,146 shares of company stock worth $187,657.

COPYRIGHT VIOLATION WARNING: This article was posted by Stock Observer and is the property of of Stock Observer. If you are reading this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright law. The original version of this article can be viewed at https://www.thestockobserver.com/2017/09/12/cogeco-communications-inc-cca-receives-c85-08-consensus-price-target-from-brokerages.html.

Cogeco Communications Company Profile

Cogeco Communications Inc, formerly Cogeco Cable Inc, is a Canada-based communications company. The Company provides residential and business customers with video, Internet and telephony services through its two-way broadband fiber networks. The Company operates through three segments: Canadian broadband services, American broadband services and Business information and communications technology (Business ICT) services.

Analyst Recommendations for Cogeco Communications (TSE:CCA)

Receive News & Ratings for Cogeco Communications Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cogeco Communications Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply