Cogeco Communications (TSE:CCA) Stock Price Target Lowered at National Bank Financial

Cogeco Communications (TSE:CCA) had its price objective lowered by National Bank Financial from C$69.00 to C$53.00 in a report released on Friday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial‘s price target suggests a potential downside of 0.41% from the stock’s previous close.

CCA has been the subject of a number of other research reports. Canaccord Genuity Group dropped their target price on shares of Cogeco Communications from C$68.00 to C$61.00 and set a “buy” rating for the company in a research report on Friday. Desjardins reduced their price target on shares of Cogeco Communications from C$68.00 to C$64.00 and set a “hold” rating on the stock in a research report on Wednesday, October 7th. Royal Bank Of Canada decreased their price objective on shares of Cogeco Communications from C$74.00 to C$70.00 and set a “sector perform” rating for the company in a research note on Friday, July 10th. Scotiabank dropped their price objective on shares of Cogeco Communications from C$68.00 to C$64.50 and set a “sector perform” rating for the company in a research report on Tuesday, October 20th. Finally, Canadian Imperial Bank of Commerce dropped their price objective on shares of Cogeco Communications from C$71.00 to C$65.00 and set a “neutral” rating for the company in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Cogeco Communications presently has a consensus rating of “Hold” and a consensus price target of C$65.55.

Cogeco Communications Trading Down 0.1%

Shares of CCA stock traded down C$0.06 on Friday, reaching C$53.22. 184,814 shares of the stock were exchanged, compared to its average volume of 186,616. The stock has a market cap of C$2.24 billion, a P/E ratio of -2.01, a price-to-earnings-growth ratio of 4.77 and a beta of 1.08. The company has a quick ratio of 0.49, a current ratio of 0.47 and a debt-to-equity ratio of 241.79. The firm has a 50 day moving average of C$55.54 and a two-hundred day moving average of C$63.41. Cogeco Communications has a 1-year low of C$48.18 and a 1-year high of C$77.40.

Cogeco Communications (TSE:CCA) last issued its earnings results on Thursday, October 29th. The company reported C$2.05 earnings per share for the quarter. The firm had revenue of C$695.49 million for the quarter. Cogeco Communications had a negative return on equity of 38.76% and a negative net margin of 39.56%. On average, research analysts anticipate that Cogeco Communications will post 8.49 EPS for the current year.

About Cogeco Communications

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.