Cogeco Communications (TSE:CCA) Given a C$68.00 Price Target by Desjardins Analysts

Cogeco Communications (TSE:CCA) has been given a C$68.00 price objective by research analysts at Desjardins in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ target price suggests a potential upside of 5.44% from the company’s previous close.

A number of other research analysts have also recently commented on the company. TD Securities upgraded Cogeco Communications from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. Royal Bank Of Canada decreased their price objective on Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating for the company in a report on Friday, July 10th. Canaccord Genuity Group lowered their price objective on Cogeco Communications from C$74.00 to C$70.00 and set a “buy” rating for the company in a research report on Monday, April 13th. TD raised shares of Cogeco Communications from a “hold” rating to a “buy” rating and reduced their target price for the stock from C$85.00 to C$83.00 in a research report on Monday, April 13th. Finally, Scotiabank lowered their price target on shares of Cogeco Communications from C$74.25 to C$72.00 and set a “sector perform” rating for the company in a research report on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$74.33.

Cogeco Communications Stock Up 1.6%

CCA traded up C$0.99 on Wednesday, hitting C$64.49. The company had a trading volume of 84,758 shares, compared to its average volume of 182,750. The stock has a fifty day simple moving average of C$64.37 and a 200-day simple moving average of C$67.07. The company has a debt-to-equity ratio of 141.57, a current ratio of 0.47 and a quick ratio of 0.49. The firm has a market capitalization of C$2.71 billion, a P/E ratio of 8.67, a P/E/G ratio of 4.77 and a beta of 0.93. Cogeco Communications has a 52-week low of C$60.89 and a 52-week high of C$77.40.

Cogeco Communications Company Profile

Cogeco Communications Inc is a leading telecommunications provider committed to bringing people together through powerful communications and entertainment experiences. We provide world-class Internet, wireless, video and wireline phone services to 1.6 million residential and business subscribers in Canada and thirteen states in the United States. Our services are marketed under the Cogeco and oxio brands in Canada, and under the Breezeline brand in the U.S. We take pride in our strong presence in the communities we serve and in our commitment to a sustainable future.