Cogeco Communications (TSE:CCA – Get Free Report) had its price objective decreased by investment analysts at Scotiabank from C$68.00 to C$64.50 in a research note issued to investors on Tuesday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price would suggest a potential upside of 22.72% from the company’s current price.
Several other research firms also recently commented on CCA. National Bank Financial cut their target price on Cogeco Communications from C$70.00 to C$69.00 and set a “sector perform” rating for the company in a research report on Monday, August 31st. Canadian Imperial Bank of Commerce lowered their price target on Cogeco Communications from C$71.00 to C$65.00 and set a “neutral” rating on the stock in a research report on Thursday, October 8th. Desjardins lowered their price target on Cogeco Communications from C$68.00 to C$64.00 and set a “hold” rating on the stock in a research report on Wednesday, October 7th. Finally, Royal Bank Of Canada dropped their price objective on Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating for the company in a research note on Friday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$71.17.
View Our Latest Stock Analysis on CCA
Cogeco Communications Price Performance
TSE CCA traded up C$0.48 during trading on Tuesday, reaching C$52.56. 65,230 shares of the company traded hands, compared to its average volume of 185,372. The company has a debt-to-equity ratio of 241.79, a quick ratio of 0.49 and a current ratio of 0.47. The stock’s 50 day moving average price is C$56.68 and its two-hundred day moving average price is C$61.27. The company has a market cap of C$2.21 billion, a price-to-earnings ratio of -1.99, a P/E/G ratio of 4.77 and a beta of 1.08. Cogeco Communications has a 1-year low of C$48.18 and a 1-year high of C$77.40.
Cogeco Communications Company Profile
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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