Brokerages Set Cogeco Communications Inc. (TSE:CCA) PT at C$70.83

Shares of Cogeco Communications Inc. (TSE:CCA) have been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$69.31.

Several research firms have commented on CCA. Royal Bank of Canada lowered their target price on shares of Cogeco Communications from C$84.00 to C$76.00 and set a “sector perform” rating on the stock in a research note on Wednesday, April 10th. TD Securities reduced their price objective on shares of Cogeco Communications from C$93.00 to C$90.00 and set a “buy” rating for the company in a research report on Monday. CIBC reduced their price objective on shares of Cogeco Communications from C$65.00 to C$63.00 and set a “neutral” rating for the company in a research report on Monday, December 18th. Canaccord Genuity Group reduced their price objective on shares of Cogeco Communications from C$63.00 to C$60.00 and set a “hold” rating for the company in a research report on Monday. Finally, Desjardins reduced their price objective on shares of Cogeco Communications from C$68.00 to C$64.00 and set a “hold” rating for the company in a research report on Monday.

Cogeco Communications Stock Up 0.4 %

Shares of TSE:CCA opened at C$56.08 on Thursday. The stock has a market capitalization of C$1.69 billion, a price-to-earnings ratio of 6.74, a price-to-earnings-growth ratio of 4.77 and a beta of 0.47. Cogeco Communications has a 1-year low of C$50.78 and a 1-year high of C$72.56. The company’s fifty day moving average is C$59.80 and its two-hundred day moving average is C$58.49. The company has a debt-to-equity ratio of 136.39, a quick ratio of 0.49 and a current ratio of 0.59.

Cogeco Communications (TSE:CCA) last released its quarterly earnings data on Thursday, April 11th. The company reported C$2.21 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of C$730.50 million for the quarter, compared to analysts’ expectations of C$735.00 million. Equities analysts anticipate that Cogeco Communications will post 8.4785185 EPS for the current year.

About Cogeco Communications

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.