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.
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.
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