Cogeco Communications Inc. (TSE:CCA) Receives C$77.16 Consensus Price Target from Analysts

Shares of Cogeco Communications Inc. (TSE:CCA) have been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is C$77.16.

Several analysts recently commented on the stock. TD Securities upped 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. Scotiabank raised their price objective on shares of Cogeco Communications from C$74.00 to C$74.25 and gave the stock a “sector perform” rating in a research report on Monday, January 12th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Cogeco Communications from C$68.00 to C$71.00 in a research note on Friday, January 16th. Desjardins raised shares of Cogeco Communications to a “hold” rating in a report on Wednesday, January 28th. Finally, National Bank Financial upgraded shares of Cogeco Communications from a “hold” rating to an “outperform” rating and increased their target price for the stock from C$71.00 to C$80.00 in a research note on Wednesday, February 25th.

Cogeco Communications Trading Down 0.4%

CCA opened at C$70.69 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.40 and a debt-to-equity ratio of 143.75. Cogeco Communications has a 52 week low of C$60.75 and a 52 week high of C$74.40. The business’s 50 day moving average is C$69.57 and its two-hundred day moving average is C$66.95. The firm has a market cap of C$2.97 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 4.77 and a beta of 1.01.

Cogeco Communications (TSE:CCA) last posted its quarterly earnings data on Wednesday, January 14th. The company reported C$2.11 earnings per share for the quarter. The business had revenue of C$707.25 million during the quarter. Cogeco Communications had a return on equity of 9.79% and a net margin of 10.79%. On average, research 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.