Shares of Cogeco Communications Inc. (TSE:CCA – Get Free Report) have received an average rating of “Hold” from the nine analysts that are covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$69.31.
Several equities research analysts have recently commented on the stock. Scotiabank reduced their target price on shares of Cogeco Communications from C$77.00 to C$73.50 and set a “sector perform” rating on the stock in a research note on Monday. TD Securities reduced their target price on shares of Cogeco Communications from C$93.00 to C$90.00 and set a “buy” rating on the stock in a research note on Monday. Desjardins cut their price target on Cogeco Communications from C$68.00 to C$64.00 and set a “hold” rating for the company in a report on Monday. CIBC cut their price target on Cogeco Communications from C$65.00 to C$63.00 and set a “neutral” rating for the company in a report on Monday, December 18th. Finally, Canaccord Genuity Group cut their price target on Cogeco Communications from C$63.00 to C$60.00 and set a “hold” rating for the company in a report on Monday.
Read Our Latest Report on Cogeco Communications
Cogeco Communications Stock Up 0.4 %
Cogeco Communications (TSE:CCA – Get Free Report) last issued its earnings results on Thursday, April 11th. The company reported C$2.21 EPS for the quarter, beating the consensus estimate of C$1.88 by C$0.33. Cogeco Communications had a net margin of 12.47% and a return on equity of 11.58%. The company had revenue of C$730.50 million for the quarter, compared to the consensus estimate of C$735.00 million. Equities research analysts predict that Cogeco Communications will post 8.4785185 earnings per share for the current fiscal year.
Cogeco Communications Company Profile
Cogeco Communications Inc operates as a telecommunications corporation in Canada and the United States. It operates in two segments, Canadian Telecommunications and American Telecommunications. The company offers Internet, video, and Internet protocol (IP) based telephony services to residential and small business customers through its two-way broadband fiber networks.
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