Cogeco Communications Inc. (TSE:CCA) Receives C$76.03 Consensus PT from Brokerages

Cogeco Communications Inc. (TSE:CCA) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$76.03.

Several brokerages have commented on CCA. Canadian Imperial Bank of Commerce upped their price objective on shares of Cogeco Communications from C$68.00 to C$71.00 in a report on Friday, January 16th. TD Securities boosted their price target on shares of Cogeco Communications from C$95.00 to C$100.00 and gave the company a “buy” rating in a research report on Friday, January 16th. BMO Capital Markets decreased their price target on shares of Cogeco Communications from C$75.00 to C$70.00 in a research note on Friday, October 31st. National Bank Financial raised their price objective on shares of Cogeco Communications from C$66.00 to C$71.00 in a report on Friday, January 16th. Finally, Scotiabank upped their target price on Cogeco Communications from C$74.00 to C$74.25 and gave the stock a “sector perform” rating in a report on Monday, January 12th.

Cogeco Communications Trading Down 1.2%

CCA opened at C$68.63 on Friday. Cogeco Communications has a one year low of C$60.75 and a one year high of C$74.39. 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 business has a 50 day simple moving average of C$67.89 and a two-hundred day simple moving average of C$66.00. The firm has a market capitalization of C$2.88 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 4.77 and a beta of 0.87.

Cogeco Communications (TSE:CCA) last posted its earnings results on Wednesday, January 14th. The company reported C$2.11 earnings per share (EPS) for the quarter. Cogeco Communications had a return on equity of 11.56% and a net margin of 11.68%.The firm had revenue of C$707.25 million for the quarter. Analysts predict that Cogeco Communications will post 8.4900498 EPS for the current year.

About Cogeco Communications

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.