Royal Bank Of Canada Increases Cogeco Communications Inc (TSE:CCA) Price Target to C$81.00
Cogeco Communications Inc (TSE:CCA) had its price objective hoisted by investment analysts at Royal Bank Of Canada from C$76.00 to C$81.00 in a research note issued on Tuesday, July 11th. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target indicates a potential downside of 7.69% from the company’s current price.
CCA has been the subject of a number of other reports. Scotiabank reaffirmed an “outperform” rating and issued a C$78.00 target price on shares of Cogeco Communications in a research note on Friday, April 7th. Barclays PLC lowered shares of Cogeco Communications from an “equal weight” rating to an “underweight” rating and upped their target price for the stock from C$70.00 to C$75.00 in a research note on Tuesday, April 11th. Finally, TD Securities upped their target price on shares of Cogeco Communications from C$78.00 to C$80.00 and gave the stock a “hold” rating in a research note on Monday, April 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of C$82.50.
Shares of Cogeco Communications (TSE CCA) opened at 87.75 on Tuesday. Cogeco Communications has a 1-year low of $60.62 and a 1-year high of $88.55. The company has a 50 day moving average price of $82.22 and a 200-day moving average price of $76.35. The stock has a market capitalization of $4.32 billion and a P/E ratio of 14.35.
In other Cogeco Communications news, insider René Guimond sold 900 shares of the stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of C$87.44, for a total transaction of C$78,696.00. Also, insider Elizabeth Alves sold 996 shares of the stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of C$87.05, for a total transaction of C$86,701.80. Over the last three months, insiders sold 1,996 shares of company stock worth $173,884.
Cogeco Communications Company Profile
Cogeco Communications Inc operates as a communications corporation in North America. The company operates in three segments: Canadian Broadband Services, American Broadband Services and Business Information and Communications Technology Services. It offers video services and programming, such as basic services, pay and discretionary services, On-demand services, high definition television, and advanced video services; Internet services; and telephony services to residential customers.
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