Cogeco Communications (TSE:CCA) Price Target Lowered to C$69.00 at National Bank Financial

Cogeco Communications (TSE:CCA – Get Free Report) had its price target dropped by equities researchers at National Bank Financial from C$70.00 to C$69.00 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. National Bank Financial’s price target indicates a potential upside of 15.52% from the stock’s previous close.

CCA has been the subject of several other reports. Royal Bank Of Canada cut their price objective on shares of Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating for the company in a research report on Friday, July 10th. Desjardins set a C$68.00 price target on shares of Cogeco Communications and gave the stock a “hold” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Cogeco Communications has an average rating of “Moderate Buy” and an average price target of C$73.11.

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Cogeco Communications Trading Down 0.5%

Shares of CCA traded down C$0.31 during midday trading on Monday, reaching C$59.73. The company had a trading volume of 37,093 shares, compared to its average volume of 178,926. Cogeco Communications has a 1-year low of C$58.42 and a 1-year high of C$77.40. The stock has a market cap of C$2.51 billion, a PE ratio of -2.26, a price-to-earnings-growth ratio of 4.77 and a beta of 0.94. The firm has a 50 day simple moving average of C$61.87 and a 200-day simple moving average of C$65.43. The company has a quick ratio of 0.49, a current ratio of 0.47 and a debt-to-equity ratio of 241.79.

Cogeco Communications (TSE:CCA – Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The company reported C$2.35 EPS for the quarter. The business had revenue of C$696.68 million for the quarter. Cogeco Communications had a negative return on equity of 38.76% and a negative net margin of 39.56%. Research analysts forecast that Cogeco Communications will post 8.4900498 EPS for the current fiscal year.

Cogeco Communications Company Profile

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Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.

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