Analysts Set Cogeco Communications Inc. (TSE:CCA) Price Target at C$75.28

Cogeco Communications Inc. (TSE:CCA) has been given an average recommendation of “Hold” by the five analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$74.91.

Several analysts recently issued reports on CCA shares. Scotiabank lifted their price target on shares of Cogeco Communications from C$74.00 to C$74.25 and gave the company a “sector perform” rating in a research report on Monday, January 12th. National Bank Financial raised shares of Cogeco Communications from a “hold” rating to an “outperform” rating and lifted their price target for the company from C$71.00 to C$80.00 in a research report on Wednesday, February 25th. Desjardins reduced their price target on shares of Cogeco Communications from C$72.00 to C$71.00 and set a “hold” rating for the company in a research report on Tuesday. Canadian Imperial Bank of Commerce raised their price objective on Cogeco Communications from C$68.00 to C$71.00 in a research note on Friday, January 16th. Finally, Canaccord Genuity Group dropped their price objective on Cogeco Communications from C$76.00 to C$74.00 and set a “buy” rating on the stock in a research note on Monday.

Cogeco Communications Stock Performance

TSE CCA opened at C$68.12 on Monday. The company has a fifty day simple moving average of C$70.42 and a 200 day simple moving average of C$67.81. Cogeco Communications has a 12-month low of C$60.75 and a 12-month high of C$77.40. The company has a current ratio of 0.40, a quick ratio of 0.49 and a debt-to-equity ratio of 143.75. The company has a market cap of C$2.86 billion, a P/E ratio of 9.32, a PEG ratio of 4.77 and a beta of 0.89.

Cogeco Communications (TSE:CCA) last posted its quarterly earnings results on Wednesday, January 14th. The company reported C$2.11 earnings per share (EPS) for the quarter. Cogeco Communications had a net margin of 10.79% and a return on equity of 9.79%. The business had revenue of C$707.25 million during the quarter. Sell-side analysts predict that Cogeco Communications will post 8.4900498 earnings per share for the current fiscal 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.