Cogeco Communications (TSE:CCA) Price Target Raised to C$74.25

Cogeco Communications (TSE:CCA) had its price target boosted by Scotiabank from C$74.00 to C$74.25 in a research report issued to clients and investors on Monday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential upside of 9.48% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. BMO Capital Markets reduced their price target on shares of Cogeco Communications from C$75.00 to C$70.00 in a report on Friday, October 31st. CIBC dropped their price target on Cogeco Communications from C$71.00 to C$68.00 in a research note on Friday, October 17th. TD Securities cut their price target on Cogeco Communications from C$98.00 to C$95.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Desjardins decreased their price objective on Cogeco Communications from C$173.00 to C$171.00 and set a “hold” rating for the company in a report on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$74.78.

Cogeco Communications Trading Down 0.2%

Shares of Cogeco Communications stock traded down C$0.14 on Monday, hitting C$67.82. 18,697 shares of the company’s stock traded hands, compared to its average volume of 57,603. Cogeco Communications has a one year low of C$59.10 and a one year high of C$73.35. The company has a debt-to-equity ratio of 159.35, a current ratio of 0.37 and a quick ratio of 0.49. The company has a fifty day moving average of C$66.37 and a two-hundred day moving average of C$65.84. The company has a market capitalization of C$2.86 billion, a price-to-earnings ratio of 8.92, a price-to-earnings-growth ratio of 4.77 and a beta of 0.65.

Cogeco Communications (TSE:CCA) last issued its quarterly earnings results on Wednesday, October 29th. The company reported C$2.09 earnings per share (EPS) for the quarter. The firm had revenue of C$708.69 million for the quarter. Cogeco Communications had a return on equity of 11.56% and a net margin of 11.68%. As a group, sell-side analysts expect 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.